Citi analyst Christopher Allen maintains $MarketAxess (MKTX.US)$ with a buy rating, and adjusts the target price from $310 to $325.
According to TipRanks data, the analyst has a success rate of 82.5% and a total average return of 24.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $MarketAxess (MKTX.US)$'s main analysts recently are as follows:
Lower interest rates and a slow recovery in deal activity pose downside risks across a broad range of capital markets stocks as they approach Q3 earnings reports. Despite an environment where faster rate cuts and stronger equity markets are fostering risk-on behavior, sluggish deal activity persists as a significant obstacle for many alternative managers, particularly in the context of high valuation multiples. Furthermore, organic growth for most traditional managers has weakened in the third quarter, and the decline in interest rates is seen as a substantial threat to the earnings of numerous brokers and wealth managers. However, exchanges and trust banks are perceived as comparatively more resilient in the face of third-quarter outcomes.
The expectations for MarketAxess have been moderated in light of new data points reviewed during the quarter, which has led to a reassessment of forecasts and objectives for the exchanges sector.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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花旗分析師Christopher Allen維持$MarketAxess (MKTX.US)$買入評級，並將目標價從310美元上調至325美元。
根據TipRanks數據顯示，該分析師近一年總勝率為82.5%，總平均回報率為24.1%。
此外，綜合報道，$MarketAxess (MKTX.US)$近期主要分析師觀點如下：
隨着第三季度業績的臨近，較低的利率和交易活動的緩慢復甦給各種資本市場股票帶來了下行風險。儘管在更快的減息和更強勁的股市的環境下，低迷的交易活動仍然是許多另類管理公司的重大障礙，尤其是在估值倍數高的背景下。此外，大多數傳統管理公司的有機增長在第三季度有所減弱，利率下降被視爲對衆多經紀商和财富管理公司收益的重大威脅。但是，面對第三季度的業績，交易所和信託銀行被認爲相對更具彈性。
鑑於本季度審查的新數據點，對MarketAxess的預期有所緩和，這導致了對交易所行業預測和目標的重新評估。
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分析師總勝率為近一年分析師的評級成功次數占總評級次數的比率。評级的成功與否，取決於TipRanks的虚擬投資組合是否從該股票中產生正回報。
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