MarketAxess Holdings Inc. experienced a price decline of 5.02%, crossing below the 5-day SMA, while the broader market showed positive movements with the Nasdaq-100 up 0.67% and the S&P 500 up 0.25%.
This decline occurs amid a significant report from MarketAxess, which highlighted a record Q4 trading volume with a 29% growth in client-initiated trades. The company's performance in U.S. credit trading increased by 21%, and emerging markets trading surged by 41%, indicating strong client demand and a robust position in the fixed-income market. Despite these positive developments, the stock's movement suggests sector rotation as investors may be reallocating their investments.
The implications of this price movement could indicate a temporary shift in investor sentiment, as the strong trading volume and market share growth reflect the company's solid fundamentals. However, the stock's decline may prompt investors to reassess their positions in light of broader market trends.
Wall Street analysts forecast MKTX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MKTX is 194.43 USD with a low forecast of 167.00 USD and a high forecast of 225.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
Wall Street analysts forecast MKTX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MKTX is 194.43 USD with a low forecast of 167.00 USD and a high forecast of 225.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Buy
4 Hold
1 Sell
Hold
Current: 168.560
Low
167.00
Averages
194.43
High
225.00
Current: 168.560
Low
167.00
Averages
194.43
High
225.00
UBS
Buy
to
Buy
downgrade
$240 -> $225
2026-01-09
Reason
UBS
Price Target
$240 -> $225
AI Analysis
2026-01-09
downgrade
Buy
to
Buy
Reason
UBS lowered the firm's price target on MarketAxess to $225 from $240 and keeps a Buy rating on the shares.
Barclays
Benjamin Budish
Equal Weight
downgrade
$188 -> $182
2026-01-08
Reason
Barclays
Benjamin Budish
Price Target
$188 -> $182
2026-01-08
downgrade
Equal Weight
Reason
Barclays analyst Benjamin Budish lowered the firm's price target on MarketAxess to $182 from $188 and keeps an Equal Weight rating on the shares. The firm updated targets in the brokers, asset managers and exchanges group ahead of the Q4 reports. Total volumes across equities, options, and futures "rose nicely" quarter-over-quarter and volatility picked up sequentially, the analyst tells investors in a research note.
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Morgan Stanley
Equal Weight
downgrade
$209 -> $204
2025-12-22
Reason
Morgan Stanley
Price Target
$209 -> $204
2025-12-22
downgrade
Equal Weight
Reason
Morgan Stanley lowered the firm's price target on MarketAxess to $204 from $209 and keeps an Equal Weight rating on the shares. Healthy transactional activity across brokers and exchanges in Q4 drives modest positive revision risk, notes the analyst in a preview. The analyst is raising Q4 EPS estimates by 5% on average, leaving the firm in-line with consensus, the analyst noted.
Argus
Buy
downgrade
$212 -> $205
2025-12-17
Reason
Argus
Price Target
$212 -> $205
2025-12-17
downgrade
Buy
Reason
Argus lowered the firm's price target on MarketAxess to $205 from $212 and keeps a Buy rating on the shares. The company continues to benefit from increased activity and transparency in the fixed-income markets and has achieved increased trading volume and market share, the analyst tells investors in a research note. Looking ahead, the company's market share is expected to remain strong as bond investors continue to shift from traditional trading via phone and messaging to electronic exchange-based transactions, the firm added.
About MKTX
MarketAxess Holdings Inc. operates electronic trading platforms. The Company offers end-to-end trading solutions, including the operation of electronic platforms for the trading of fixed-income and other securities and related data, analytics compliance tools, post-trade services, automated trading services and technology services. The Company provides an Open Trading marketplace which offers an all-to-all trading solution in the global credit markets, creating a liquidity pool for a range of credit market participants. It leverages its diverse set of trading protocols, automated and algorithmic trading solutions, intelligent data and index products and a range of post-trade services to provide an end-to-end trading solution to its robust network of platform participants. The Company also provides several integrated and actionable data offerings, including CP+ and Axess All, to assist clients. Its RFQ-hub platform is a bilateral multi-asset and multi-dealer request for quote platform.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
