Cboe Upgraded To Buy: Deutsche Bank Sees Strong Revenue Growth And Margin Gains Through 2025
Deutsche Bank analyst Brian Bedell upgraded Cboe Global Markets, Inc. (BATS:CBOE) to Buy from Hold and raised the price target to $222.
The analyst’s bullish stance reflects their updated outlook that CBOE will sustain strong revenue growth through at least 2025.
Bedell expects continued volatility in equity markets, especially following the U.S. elections, which will likely increase demand for index and volatility options and futures.
Additionally, the analyst anticipates organic growth driven by ongoing product innovation and rising adoption of options, particularly with the upcoming launch of index options on Robinhood.
Also, the analyst projects stronger revenue growth to lead to positive operating leverage next year, allowing management to exceed its expectations …
Full story available on Benzinga.com