Rosenblatt Securities analyst Sean Horgan maintained a Buy rating on Tradeweb Markets (TW) today and set a price target of $67.00. The company’s shares closed last Friday at $61.01.
According to TipRanks.com, Horgan is a 2-star analyst with an average return of 3.1% and a 71.4% success rate. Horgan covers the Technology sector, focusing on stocks such as Fidelity National Info, Paypal Holdings, and Global Payments.
Currently, the analyst consensus on Tradeweb Markets is a Moderate Buy with an average price target of $61.60.
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Based on Tradeweb Markets’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $213 million and net profit of $36.81 million. In comparison, last year the company earned revenue of $202 million and had a net profit of $29.61 million.
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Tradeweb Markets, Inc. engages in the operation of electronic marketplaces for the trading of products across the rates, credit, money markets, and equities asset classes. It also provides related pre-trade pricing and post-trade processing services. Its network is comprised of clients across the institutional, wholesale, and retail client sectors, including global asset managers, hedge funds, insurance companies, central banks, banks and dealers, proprietary trading firms and retail brokerage and financial advisory firms, as well as regional dealers. The company was founded by Lee Olesky in 1996 and is headquartered in New York, NY.
