MKTX Price Prediction Next Week
Analysis and Insights
Technical Analysis:
MarketAxess Holdings Inc. (MKTX) is currently trading at $214.31 as of March 10, 2025. The stock has shown recent strength, with a 2.57% increase during regular market hours. However, the technical indicators suggest caution:
- RSI (14): 78.57, indicating overbought conditions.
- MACD: -2.93, showing bearish momentum.
- Fibonacci Levels: The stock is approaching the R1 level of $207.30, which could act as resistance.
News and Sentiment Analysis:
- Earnings Performance: MKTX reported Q4 EPS of $1.73, beating expectations of $1.70, though revenue fell short at $202.4 million vs. $203.4 million forecast.
- Analyst Sentiment: The stock holds a "Moderate Buy" rating with a mean price target of $245.42, suggesting a 24.7% upside.
- Recent Events: CEO participation in the Raymond James 2025 Institutional Investors Conference on March 3, 2025, may have positively influenced sentiment.
Price Prediction and Recommendation:
Based on the overbought RSI and bearish MACD, MKTX may face resistance near $207.30. The stock is likely to consolidate or pull back in the short term.
Predicted Price Range for Next Trading Week: $205 - $220.
Recommendation: Sell MKTX at current levels due to overbought conditions and potential resistance. Consider re-entering on a pullback to the Fibonacci support level of $191.31.
MKTX Similar Chart Price Prediction
The price of MKTX is predicted to go up -4.7%, based on the high correlation periods with WM. The similarity of these two price pattern on the periods is 98.37%.
MKTX
WM
Down: -4.7%Similarity: 98.37%
MKTX Revenue Forecast
MKTX EPS Forecast
MKTX FAQs
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MKTX VS S&P500
MarketAxess holds the largest market share for the electronic trading of US credit bonds, with particular strength in high-yield bond trading.
MarketAxess is benefiting from a secular transition away from voice negotiated trading toward electronic platforms, creating strong tailwinds for continued revenue growth.
U.S. corporate bond markets are seeing higher turnover rates as automated trading algorithms, like MarketAxess' AiEX, see more adoption and trading costs decrease. This increases transaction volume industrywide, creating another tailwind for MarketAxess.
MKTX Analyst's Forecast
Benjamin Budish
Barclays
Hold
2025-01-13
Price Target
$260 → $256
Upside
+18.03%
Barclays lowered the firm's price target on MarketAxess to $256 from $260 and keeps an Equal Weight rating on the shares. The firm says Q4 was mixed across the exchanges. Going into earnings, it is "relatively more cautious" on the group.
Patrick Moley
Piper Sandler
Hold
2025-01-07
Price Target
$265 → $240
Upside
+9.48%
Benjamin Budish
Barclays
Hold
2024-12-09
Price Target
$289 → $269
Upside
+11.63%
