Barclays raised the firm’s price target on Interactive Brokers (IBKR) to $214 from $165 and keeps an Overweight rating on the shares. The macro backdrop looks constructive going into 2025 for the brokers, asset managers and exchanges, the analyst tells investors in a research note. The firm is increasingly constructive on the alternative asset managers, where an “unleash” of transacting has been growing and looks set to happen, and brokers, where it sees healthy earnings growth opportunities.
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Read More on IBKR:
- Interactive Brokers reports November DARTs 74% higher than prior year
- SEC Approves 24X National Exchange for 24-Hour Trading
- Interactive Brokers reports October DARTs 46% higher than prior year
- Interactive Brokers opens new office in Dubai International Financial Center
- Interactive Brokers price target lowered to $165 from $166 at Barclays
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
