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These Analysts Increase Their Forecasts On Cboe Global Markets Following Q1 Earnings

Benzinga05-04

Cboe Global Markets Inc (BATS:CBOE) posted upbeat earnings for the first quarter on Monday.

The company posted adjusted EPS of $3.70, beating market estimates of $3.29. The company's sales came in at $728.900 million versus estimates of $694.719 million.

“Cboe delivered an exceptional first quarter, building on our 2025 momentum by producing 29 percent net revenue growth, 54 percent diluted EPS growth, and 48 percent adjusted diluted EPS1 growth,” said Jill Griebenow, Cboe Global Markets Executive Vice President, Chief Financial Officer. “Our Cash and Spot Markets net revenue rose 34 percent on strong market activity. Our Derivatives business was up 32 percent on another quarter of record volumes across our index options products, and our Data Vantage business grew 19 percent on a year-over-year basis.”

Cboe Global Markets shares rose 3.2% to trade at $337.43 on Monday.

These analysts made changes to their price targets on Cboe Global Markets following earnings announcement.

  • Keefe, Bruyette & Woods analyst Chris Allen maintained the stock with a Market Perform and raised the price target from $300 to $335.
  • Barclays analyst Benjamin Budish maintained the stock with an Overweight rating and raised the price target from $351 to $382.

Considering buying CBOE stock? Here’s what analysts think:

Photo via Shutterstock

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