Miami International Holdings Inc's stock rose by 5.33% and reached a 20-day high, reflecting positive market conditions as the Nasdaq-100 and S&P 500 also posted gains.
The increase in MIAX's stock price is attributed to the successful closure of a secondary public offering of 7,762,500 shares at $41 each, indicating sustained market demand for its stock. The offering was led by reputable underwriters such as J.P. Morgan and Morgan Stanley, which enhances MIAX's credibility in the capital markets. Although MIAX did not receive any proceeds from the offering, the strong market interest may bolster investor confidence in the company's future growth potential.
This successful offering could lead to increased recognition of MIAX's stock, potentially driving further price appreciation as investors remain optimistic about the company's prospects in the capital markets.
Wall Street analysts forecast MIAX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MIAX is 47.20 USD with a low forecast of 37.00 USD and a high forecast of 55.00 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.
6 Analyst Rating
Wall Street analysts forecast MIAX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MIAX is 47.20 USD with a low forecast of 37.00 USD and a high forecast of 55.00 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.
4 Buy
2 Hold
0 Sell
Moderate Buy
Current: 42.880
Low
37.00
Averages
47.20
High
55.00
Current: 42.880
Low
37.00
Averages
47.20
High
55.00
Keefe Bruyette
Kyle Voigt
Market Perform
maintain
$43 -> $44
Al Analysis
2025-11-06
Reason
Keefe Bruyette
Kyle Voigt
Price Target
$43 -> $44
Al Analysis
2025-11-06
maintain
Market Perform
Reason
Keefe Bruyette analyst Kyle Voigt raised the firm's price target on Miami International to $44 from $43 and keeps a Market Perform rating on the shares.
Piper Sandler
NULL -> Overweight
upgrade
$48 -> $52
2025-11-04
Reason
Piper Sandler
Price Target
$48 -> $52
2025-11-04
upgrade
NULL -> Overweight
Reason
Piper Sandler raised the firm's price target on Miami International to $52 from $48 and keeps an Overweight rating on the shares. The company will host its first earnings call as a public company this Wednesday. The firm notes the stock has performed well since its IPO and currently trades at a 50% premium to the U.S. exchange peer group on 2027 price to earnings. Piper believes this premium is due to Miami International's scarcity value and its takeout candidacy in the eyes of many investors. But while the forward price to earnings multiple may seem stretched, it trades at a 17% discount to peers on 2027 EV/EBITDA and the firm thinks consensus EPS estimates in Q4, 2026, and 2027 are too low.
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Morgan Stanley
NULL -> Overweight
maintain
$45 -> $48
2025-11-04
Reason
Morgan Stanley
Price Target
$45 -> $48
2025-11-04
maintain
NULL -> Overweight
Reason
Morgan Stanley raised the firm's price target on Miami International to $48 from $45 and keeps an Overweight rating on the shares after updating the firm's estimates to reflect reported September and Q3 volumes.
Piper Sandler
Patrick Moley
maintain
$39 -> $48
2025-10-14
Reason
Piper Sandler
Patrick Moley
Price Target
$39 -> $48
2025-10-14
maintain
Reason
Piper Sandler analyst Patrick Moley raised the firm's price target on Miami International to $48 from $39 and keeps an Overweight rating on the shares. The third quarter was a mixed bag for exchange and trading companies, the firm says. Heading into Q4, Piper expects significant investor attention to the overall health of the retail trader, emerging trends in areas like tokenization and prediction markets, and the outlook for global capital markets activity into year-end.
About MIAX
Miami International Holdings, Inc. is a multi-asset exchange operator. It is a technology-driven in building and operating regulated financial marketplaces across multiple asset classes and geographies. Its products include MIAX, MIAX Options, MIAX PRIME, MIAX Technologies, MIAX Pearl, and MIAX Emerald. Its segments include Options, Equities, Futures and International. The Options segment includes business operations of listed options on the stocks of individual equities and options on exchange-traded products (ETP). The equities segment includes its business operations relating to listed U.S. equities and ETP transaction services. The futures segment includes its business operations relating to futures transaction services provided by its futures exchange and clearing house, MIAX Futures. The International segment includes listing services for capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants and insurance linked securities.
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.
