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Update shared on27 Aug 2025

Fair value Increased 1.07%
AnalystConsensusTarget's Fair Value
US$249.57
4.7% undervalued intrinsic discount
28 Aug
US$237.95
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1Y
13.8%
7D
-5.5%

Driven by record Q2 revenue growth and a positive earnings surprise, analysts modestly increased Cboe Global Markets’ consensus price target from $246.93 to $249.57, while maintaining some caution due to sector preferences and macroeconomic factors.


Analyst Commentary


  • Record Q2 net revenue results, with top and bottom line both growing 14% year-over-year, signaling strong operational performance.
  • Bullish analysts increased price targets based on Cboe’s sustained growth momentum and positive earnings surprise.
  • Trading volumes and volatility have normalized, prompting some bearish analysts to become more selective within the brokers and exchanges sector.
  • Macro environment factors such as inflation, interest rates, and tariffs are expected to support rates and credit-related business lines, influencing outlooks.
  • Bearish analysts maintain cautious views and lower ratings due to sector preferences and concerns about future growth relative to peers in rates and credit franchises.

What's in the News


  • Increased quarterly cash dividend by 14% to $0.72 per share.
  • Raised 2025 organic total net revenue growth guidance to high single digits.
  • Reported $17.1 million in intangible asset impairment charges for Q2, down from $81 million a year prior.
  • Repurchased 160,564 shares for $35.29 million in Q2, completing 21.93% of the buyback program.
  • Announced wind-down of Japanese equities business, including Cboe Japan proprietary trading system and Cboe BIDS Japan platform.

Valuation Changes


Summary of Valuation Changes for Cboe Global Markets

  • The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from $246.93 to $249.57.
  • The Future P/E for Cboe Global Markets remained effectively unchanged, moving only marginally from 29.75x to 30.03x.
  • The Discount Rate for Cboe Global Markets remained effectively unchanged, moving only marginally from 8.20% to 8.15%.

Disclaimer

AnalystConsensusTarget is a tool utilizing a Large Language Model (LLM) that ingests data on consensus price targets, forecasted revenue and earnings figures, as well as the transcripts of earnings calls to produce qualitative analysis. The narratives produced by AnalystConsensusTarget are general in nature and are based solely on analyst data and publicly-available material published by the respective companies. These scenarios are not indicative of the company's future performance and are exploratory in nature. Simply Wall St has no position in the company(s) mentioned. Simply Wall St may provide the securities issuer or related entities with website advertising services for a fee, on an arm's length basis. These relationships have no impact on the way we conduct our business, the content we host, or how our content is served to users. The price targets and estimates used are consensus data, and do not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that AnalystConsensusTarget's analysis may not factor in the latest price-sensitive company announcements or qualitative material.