Why Is Tradeweb Markets Stock Gaining Friday?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 04 2024
0mins
Source: Benzinga
Tradeweb Markets Performance: Tradeweb Markets Inc. reported a total trading volume of $56.1 trillion for September 2024, marking a significant increase from August's $50.9 trillion, with an average daily volume (ADV) of $2.63 trillion, up 68.3% year-over-year.
Stock Movement: TW shares rose by 3.45% to $129.99 on Friday, reflecting a 60% gain over the past year, as the company achieved record volumes in multiple asset classes during its best quarter ever.
Analyst Views on TW
Wall Street analysts forecast TW stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TW is 137.00 USD with a low forecast of 110.00 USD and a high forecast of 189.00 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.
9 Analyst Rating
6 Buy
3 Hold
0 Sell
Moderate Buy
Current: 103.745
Low
110.00
Averages
137.00
High
189.00
Current: 103.745
Low
110.00
Averages
137.00
High
189.00
About TW
Tradeweb Markets Inc. is a global operator of electronic marketplaces for rates, credit, equities and money markets. The Company provides access to markets, data and analytics, electronic trading, straight-through-processing and reporting for more than 50 products to clients. It supports its clients by providing solutions across the trade lifecycle, including pre-trade, execution, post-trade and data and analytics. Its technology supports multiple asset classes, trading protocols and geographies. The Company provides deep liquidity pools to the institutional, wholesale and retail client sectors through its Tradeweb Institutional, Dealerweb, Tradeweb Direct and ICD Portal platforms. It provides fully electronic, hybrid and voice trading for the wholesale community on its Dealerweb platform. Its network comprises clients across the institutional, wholesale, retail and corporate client sectors, including global asset managers, hedge funds, central banks, banks and dealers, and others.
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.
