Piper Sandler analyst Patrick Moley maintains $Cboe Global Markets (CBOE.US)$ with a buy rating, and maintains the target price at $220.
According to TipRanks data, the analyst has a success rate of 84.6% and a total average return of 30.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Cboe Global Markets (CBOE.US)$'s main analysts recently are as follows:
The forecast for the brokers, asset managers, and exchanges sector into 2025 appears promising, with the potential for a third consecutive year of over 20% total returns in the U.S. equity markets. Driving themes across the marketplace include increased capital markets activity, a potential reduction in regulation fostering product innovation and capital deployment, along with the possibility of reduced individual and corporate taxes.
Analysts have noted that alternative asset managers are experiencing significant secular tailwinds, while the sectors encompassing retail and wealth management are seen as particularly promising. Exchanges, however, are perceived as less appealing in positive markets, exhibiting slower growth compared to other asset-sensitive financial sectors like asset managers and some brokers. The potential for certain policies to benefit energy exchange businesses was acknowledged, though growth prospects in other asset classes appear less robust. The brokerage sector is highlighted as a particularly favored area entering 2025, supported by more resilient short-term rates that enhance margin lending and other higher-margin operations, alongside a profitable retail customer base which could sustain an extended period of high trading activity among retail investors.
The sales growth at Cboe Global Markets is perceived to be stagnating due to mature trends in its leading SPX franchise, varied growth in VIX products, and losses in market share within U.S. equities and options. The slowing performance of the company's Index franchise, which contributes significantly to net revenue and has been a key growth driver historically, is seen as overshadowing its other business initiatives. Expectations are set for a moderate earnings growth path in the mid-single digits over the coming years, contrasting with the historically higher growth rates.
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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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派傑投資分析師Patrick Moley維持$芝加哥期權交易所 (CBOE.US)$買入評級,維持目標價220美元。
根據TipRanks數據顯示,該分析師近一年總勝率為84.6%,總平均回報率為30.6%。
此外,綜合報道,$芝加哥期權交易所 (CBOE.US)$近期主要分析師觀點如下:
對經紀商、資產管理公司和交易所行業到2025年的預測似乎令人鼓舞,美國股票市場的總回報率有可能連續第三年超過20%。整個市場的驅動主題包括增加資本市場活動、可能減少促進產品創新和資本部署的監管,以及可能減少個人和公司稅。
分析師指出,另類資產管理公司正在經歷重大的長期不利因素,而零售和财富管理等行業則被認爲特別有前景。但是,交易所被認爲在積極的市場中不那麼吸引人,與資產管理公司和一些經紀商等其他資產敏感型金融行業相比,其增長放緩。儘管其他資產類別的增長前景似乎不那麼強勁,但某些政策有可能使能源交易業務受益,這一點已得到承認。進入2025年,經紀業被視爲特別受青睞的領域,這得益於更具彈性的短期利率,可增強利潤貸款和其他更高利潤的業務,以及盈利的零售客戶群,這可能會維持散戶投資者的長期高交易活動。
由於其領先的SPX特許經營權的成熟趨勢、VIX產品的不同增長以及美國股票和期權市場份額的損失,CBOE Global Markets的銷售增長被認爲停滯不前。該公司指數特許經營權的表現放緩被視爲其其他業務舉措黯然失色,該特許經營權對淨收入做出了重大貢獻,歷史上一直是關鍵的增長動力。與歷史上更高的增長率形成鮮明對比的是,預計未來幾年收益將保持在中等個位數的溫和增長路徑。
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