Bank of America has adjusted its price target for Tradeweb Markets (TW, Financial), lowering it slightly to $208 from the prior $212. Despite this revision, the financial institution maintains a Buy rating for the company’s shares.
This change comes as BofA incorporates the latest monthly volume and fee rate data into its financial models ahead of the Q1 earnings reports from various exchange groups. The updated models led to a marginal decrease in earnings projections for several firms, including Tradeweb, due to a weaker-than-anticipated fee rate in March. Other exchange operators like Intercontinental Exchange, Nasdaq (NDAQ), and MarketAxess (MKTX) are also expected to reflect these modestly revised earnings estimates.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 13 analysts, the average target price for Tradeweb Markets Inc (TW, Financial) is $154.46 with a high estimate of $208.00 and a low estimate of $127.00. The average target implies an upside of 19.31% from the current price of $129.46. More detailed estimate data can be found on the Tradeweb Markets Inc (TW) Forecast page.
Based on the consensus recommendation from 15 brokerage firms, Tradeweb Markets Inc's (TW, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Tradeweb Markets Inc (TW, Financial) in one year is $147.19, suggesting a upside of 13.7% from the current price of $129.46. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Tradeweb Markets Inc (TW) Summary page.
