Tradeweb Markets Inc Receives Positive Analyst Ratings and Price Target Increases

By Don Francis, Editor
July 30, 2023 6:26 AM UTC
Tradeweb Markets Inc Receives Positive Analyst Ratings and Price Target Increases

Barclays's Jeremy Campbell raised their price target on Tradeweb Markets Inc (NASDAQ: TW) by 10.47% from $86.00 to $95.00 on 2023/07/28. The analyst maintained their Strong Buy rating on the stock.

Campbell's decision to increase the price target for Tradeweb Markets Inc comes after the company's Q2 2023 earnings report, which was released on July 27th. The report exceeded expectations, with both revenue and expenses performing better than projected. As a result, Tradeweb Markets achieved higher-than-expected earnings for the second quarter. Campbell shared this positive outlook with investors, stating that the company's trends for July 2023 are also favorable.

Several other analysts also updated their ratings and price targets for Tradeweb Markets Inc on July 28th. Citigroup's Christopher Allen raised their price target by 12.20% and maintained their Strong Buy rating on the stock. Morgan Stanley's Michael Cyprys increased their price target by 8.05% and also maintained their Strong Buy rating. Raymond James's Patrick O'Shaughnessy raised their price target by 3.57% and maintained a Buy rating on the stock.

Currently, 66.67% of top-rated analysts consider Tradeweb Markets Inc a Strong Buy, while 16.67% view it as a Buy. Another 16.67% of analysts see it as a Hold, and no analysts recommend or strongly recommend selling the stock.

The consensus forecast among analysts is that Tradeweb Markets Inc will deliver earnings per share (EPS) of $1.91 for the upcoming year. If these predictions hold true, it would represent a year-over-year increase of 19.62% for the company's next yearly EPS.

Tradeweb Markets Inc has shown impressive stock performance since its last quarterly report. The stock price has risen by 96.65% during this period. In a year-over-year comparison, the stock is up by 18.29%. Notably, Tradeweb Markets Inc has outpaced the S&P 500, which has seen a 12.52% increase.

Barclays analyst Jeremy Campbell is highly regarded in the financial industry, ranking in the top 6% of Wall Street analysts according to WallStreetZen. With an average return of 12.41% and a win rate of 72.94%, Campbell specializes in the Financial Services sector.

Tradeweb Markets Inc operates electronic marketplaces across various regions globally, facilitating trading in asset classes such as rates, credit, money markets, and equities. The company offers a range of services, including pre-trade data and analytics, trade execution and processing, and post-trade data, analytics, and reporting. Tradeweb Markets Inc serves institutional investors, dealers, financial institutions, advisory firms, and traders.

It is important to note that many investors find analysts' recommendations and price targets to be useful data points. However, different investors have different priorities and risk profiles. All investors should conduct their own investment due diligence before buying a stock.

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