Cboe Global Markets has recently seen its Fair Value estimate trimmed slightly, with the price target moving from $256.67 to $255.62. This adjustment comes amid mixed analyst sentiment, which includes bullish outlooks driven by strong core business revenues and bearish caution related to recent declines in the revenue capture rate for key options products. Stay tuned to discover how you can track ongoing updates to the narrative surrounding Cboe’s stock.
🐂 Bullish Takeaways
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Piper Sandler’s Patrick Moley notably raised Cboe Global Markets’ price target to $290 from $270 and maintained an Overweight rating. The move follows record quarterly results, highlighted by double-digit revenue growth across all three business lines and unexpected strength in Data Vantage revenues. This led to a raised FY25 outlook.
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Deutsche Bank also expressed confidence, increasing its price target to $287 from $268 and retaining a Buy rating on shares, noting the company delivered solid Q3 results.
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Barclays raised its price target to $264 from $256 and maintained an Equal Weight stance. The firm observed quarterly volume growth in futures and healthy expansion in options, signaling operational resilience amid lower volatility.
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Piper Sandler, in another note, raised its price target to $270 from $265 and emphasized investor focus on retail trading activity and emerging financial trends moving into the next quarter. This reflects optimism about growth momentum.
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BofA’s Craig Siegenthaler maintained a Neutral rating and acknowledged that Cboe’s options business benefited from a distinct retail-centric channel, helping the firm avoid the volume pullbacks faced by peers during a period of receding volatility.
🐻 Bearish Takeaways
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BofA, despite its generally neutral tone, lowered its price target to $260 from $261 in response to a 21% decline in multi-listed options revenue capture rate quarter-over-quarter. The firm cited management’s new strategy of prioritizing market share, raising concerns over the potential impact on fee rates and profitability.
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Across the coverage, some analysts have signaled reservations over near-term risks, the durability of current growth trends, and ongoing pressure on fee rates. This suggests that some upside may already be factored into Cboe’s current valuation.
Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there’s more to the story. Head to the Simply Wall St Community to discover more perspectives or begin writing your own Narrative!
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Cboe Global Markets is preparing to launch its own prediction markets platform in the coming months, with an initial focus that omits sports-related offerings, according to Bloomberg.
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The company will introduce futures and options trading on the Cboe Magnificent 10 Index (MGTN), an index designed to track U.S.-listed technology and growth stocks. The launch is targeted for December 8, 2025, pending regulatory approval.
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New continuous cryptocurrency futures products, Cboe Bitcoin Continuous Futures (PBT) and Ether Continuous Futures (PET), are set to begin trading on December 15, 2025, subject to final regulatory review. These products aim to provide investors with long-term market exposure to digital assets.
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Cboe has updated its 2025 earnings guidance, now forecasting organic net revenue growth in the low double-digit to mid-teens percent range, up from the previous expectation of high single-digit growth.
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The Fair Value estimate has decreased slightly from $256.67 to $255.62.
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The Discount Rate remains unchanged at 8.24%.
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The Revenue Growth projection is still negative, with a slight additional decline from -16.55% to -16.61%.
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The Net Profit Margin has improved modestly from 44.34% to 44.43%.
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The Future P/E ratio has decreased slightly from 28.45x to 28.34x.
A Narrative is a valuable way to look beyond the numbers and understand the full story behind a company. It connects the company’s journey to financial forecasts and an estimated fair value, providing a real, forward-looking perspective. Narratives, available on Simply Wall St’s Community page, make it easy and dynamic to see how changing news or earnings impact investment decisions. By tracking Narratives, you can compare Fair Value to the market Price and consider the timing of your investment decisions.
Read the original Narrative on Cboe Global Markets to gain insights into the factors shaping its future: CBOE: Upcoming Market Offerings And Product Mix Will Support Balanced Outlook
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Learn how expansion into derivatives, data, and global trading is influencing growth, especially with rising retail investor activity and digital investment trends.
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See why a strategic focus on recurring high-margin data services and international markets could further stabilize and potentially increase earnings.
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Stay aware of potential risks such as reliance on key index partnerships, fintech disruption, and the challenge of balancing technology investment with profitable growth.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include CBOE.
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