- CME Group (CME, Financial) is set to launch XRP futures, enhancing its cryptocurrency product lineup.
- Analysts' average price target suggests a modest upside for CME Group's stock.
- Current brokerage consensus recommends a "Hold" on CME shares.
CME Group Inc. (CME) continues to diversify its financial products by introducing XRP futures on May 19. This strategic move expands its cryptocurrency offerings to include contracts in both micro and larger sizes, all of which are cash-settled, based on the XRP-Dollar Reference Rate. Such innovation underscores the growing interest from both institutional and retail investors in the digital asset space.
Price Targets from Wall Street Analysts
Analyst predictions for CME Group Inc. (CME, Financial) over the next year suggest an average price target of $273.93, with projections ranging from a high of $301.00 to a low of $219.00. This average target points to a potential upside of 3.12% from the current trading price of $265.65. For further specifics, please visit the CME Group Inc (CME) Forecast page.
Brokerage Firm Consensus
The current consensus recommendation from 18 brokerage firms places CME Group Inc (CME, Financial) at an average rating of 2.6, denoting a "Hold" status. This rating operates on a scale where 1 indicates a Strong Buy and 5 signifies a Sell, reflecting moderate market sentiment towards CME shares.
Evaluating GuruFocus Metrics
According to GuruFocus estimates, the projected GF Value for CME Group Inc (CME, Financial) in one year is $253.28, highlighting a potential downside of 4.66% from the current price of $265.65. The GF Value metric is a fair value estimate derived from historical trading multiples, past business growth, and anticipated future business performance. For an in-depth analysis, refer to the CME Group Inc (CME) Summary page.
