TW

Tradeweb Markets Inc

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Advanced Chart

135.440

-2.86(-2.068%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

138.710

Open

137.610

VWAP

135.50

Vol

975.34K

Mkt Cap

28.90B

Low

133.9601

Amount

132.16M

EV/EBITDA(TTM)

28.35

Total Shares

213.10M

28.44B

EV/OCF(TTM)

27.26

P/S(TTM)

15.37

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.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2026Q1

FY2025Q4

FY2025Q3

579.17M

+13.64%

0.966

+12.38%

520.86M

+12.41%

0.848

+11.62%

517.71M

+15.32%

0.872

+16.21%

Estimates Revision

The market is revising Upward the revenue expectations for Tradeweb Markets Inc. (TW) for FY2025, with the revenue forecasts being adjusted by 0.03% over the past three months. During the same period, the stock price has changed by -8.15%.

Revenue Estimates for FY2025

Revise Upward

+0.03%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+0.02%

In Past 3 Month

Stock Price

Go Down

-8.15%

In Past 3 Month

11 Analyst Rating

16.21% Upside

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 157.40 USD with a low forecast of 130.00 USD and a high forecast of 208.00 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 Buy

2 Hold

0 Sell

Strong Buy

16.21% Upside

Current: 135.440

Low

130.00

Averages

157.40

High

208.00

16.21% Upside

Current: 135.440

Low

130.00

Averages

157.40

High

208.00

Barclays

Benjamin Budish

Overweight

maintain

$152 -> $170

2025-07-30

Reason

Barclays

Benjamin Budish

Price Target

$152 -> $170

2025-07-30

maintain

Overweight

Reason

Barclays analyst Benjamin Budish raised the firm's price target on Tradeweb Markets to $170 from $152 and keeps an Overweight rating on the shares following its Q2 EPS beat. The firm noted that July daily revenue growth is trending 20% higher year-over-year and thinks 20% is trending favorable compared to consensus. Barclays told investors that Tradeweb's management remains vigilant for additional opportunities, including what could be larger and more transformative M&A that expands the company's capabilities and/or geographical presence.

Piper Sandler

Patrick Moley

Neutral

maintain

$127 -> $130

2025-07-15

Reason

Piper Sandler

Patrick Moley

Price Target

$127 -> $130

2025-07-15

maintain

Neutral

Reason

Piper Sandler analyst Patrick Moley raised the firm's price target on Tradeweb Markets to $130 from $127 and keeps a Neutral rating on the shares. Heading into Q2 earnings, the firm expects management teams to strike a positive tone on the outlook for volumes and growing momentum in retail derivatives trading. However, the exchange businesses will face difficult year-over-year comparable sales in the second half of 2025 as they lap elevated second half of 2024 volumes impacted by the U.S. Presidential Election. With that in mind, Piper sees more upside in diversified, less volume-sensitive stocks.

Barclays

Overweight

maintain

$159 -> $152

2025-07-10

Reason

Barclays

Price Target

$159 -> $152

2025-07-10

maintain

Overweight

Reason

Barclays lowered the firm's price target on Tradeweb Markets to $152 from $159 and keeps an Overweight rating on the shares. Heading into the Q2 reports for the brokers, asset managers and exchanges, the firm says trading activity was "generally robust" through the quarter. The Federal funds rate remains supportive for net interest income through the rest of the year, the analyst tells investors in a research note. Barclays sees the trading environment as "fairly robust."

TD Cowen

Bill Katz

Strong Buy

Maintains

$142 → $153

2025-04-09

Reason

TD Cowen

Bill Katz

Price Target

$142 → $153

2025-04-09

Maintains

Strong Buy

Reason

TD Cowen analyst Bill Katz raised the firm's price target on Tradeweb Markets to $153 from $142 and keeps a Buy rating on the shares. Ahead of the Q1 reports, the firm reduced estimates for asset managers and retail brokers, and increased numbers for the exchanges. Charles Schwab (SCHW) remains TD's top overall pick, followed by Apollo Global (APO). The analyst also added Janus Henderson (JHG) to the firm's top three picks, replacing Blackstone (BX).

Barclays

Benjamin Budish

Buy

Maintains

$149 → $177

2025-04-07

Reason

Barclays

Benjamin Budish

Price Target

$149 → $177

2025-04-07

Maintains

Buy

Reason

Barclays raised the firm's price target on Tradeweb Markets to $177 from $149 and keeps an Overweight rating on the shares as part of a Q1 preview for the brokers, asset managers and exchanges. With volatility "in full swing," mergers and initial public offering pipelines are likely to see further delays, the analyst tells investors in a research note. The firm says that while trading activity was generally robust despite a slowdown in crypto, brokers "now face a more intense headwind from a lower in-period Fed funds and futures curve."

B of A Securities

Michael Carrier

Strong Buy

Maintains

$197 → $212

2025-04-02

Reason

B of A Securities

Michael Carrier

Price Target

$197 → $212

2025-04-02

Maintains

Strong Buy

Reason

See All Ratings

Valuation Metrics

The current forward P/E ratio for Tradeweb Markets Inc (TW.O) is 38.12, compared to its 5-year average forward P/E of 39.38. For a more detailed relative valuation and DCF analysis to assess Tradeweb Markets Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair

5Y Average PE

39.38

Current PE

38.12

Overvalued PE

45.88

Undervalued PE

32.89

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

Current EV/EBITDA

0.00

Overvalued EV/EBITDA

Undervalued EV/EBITDA

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

12.98

Current PS

13.32

Overvalued PS

14.76

Undervalued PS

11.20