Piper Sandler Analyst Bullish On Interactive Brokers, Sees 26% Account Growth in 2024
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 17 2024
0mins
Source: Benzinga
- Analyst's Outlook on Interactive Brokers Group: Piper Sandler analyst raised estimates for IBKR following strong second-quarter results, projecting account growth and increased EPS for FY24 and FY25.
- Price Target Updates and Ratings: Barclays increased price target for IBKR shares, while Piper analyst maintained an Overweight rating with a price target of $140; investors can access the stock through ETFs like RUFF and FOVL.
Analyst Views on IBKR
Wall Street analysts forecast IBKR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IBKR is 81.43 USD with a low forecast of 75.00 USD and a high forecast of 91.00 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.
7 Analyst Rating
6 Buy
1 Hold
0 Sell
Strong Buy
Current: 77.210
Low
75.00
Averages
81.43
High
91.00
Current: 77.210
Low
75.00
Averages
81.43
High
91.00
About IBKR
Interactive Brokers Group, Inc. is an automated global electronic broker. The Company custodies and services accounts for hedge and mutual funds, exchange-traded funds (ETFs), registered investment advisors, proprietary trading groups, introducing brokers and individual investors. It specializes in routing orders and executing and processing trades in stocks, options, futures, foreign exchange instruments (forex), bonds, mutual funds, ETFs, precious metals, and forecast contracts on more than 160 electronic exchanges and market centers in 36 countries and 28 currencies around the world. In addition, its customers can use its trading platform to trade certain cryptocurrencies through third-party cryptocurrency service providers that execute, clear and custody the cryptocurrencies. Its trading platforms include IBKR Desktop, IBKR Trader Workstation, IBKR Mobile, IBKR Client Portal and others. Its key product offerings include IBKR Pro, IBKR Lite, and IBKR Universal Account.
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.
