MarketAxess Holdings

Consolidation And Cyber Risks Will Undermine Market Relevance

AnalystLowTarget

Not Invested

Consensus Narrative from 12 Analysts

Published

24 Apr 25

Updated

16 Aug 25

AnalystLowTarget's Fair Value

US$168.00

11.1% overvalued

16 Aug

US$186.61

-20.7%

-1.4%

Author's Valuation

US$168.0

11.1% overvalued

AnalystLowTarget Fair Value

Narrative

Updates1

Shared on07 May 25
Fair value Decreased 10%

AnalystLowTarget Fair Value

US$168.0

11.1% overvalued

Future estimation in

% p.a.

Decrease

Increase

Current revenue growth rate

7.63%

Capital Markets revenue growth rate

0.28%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

Decrease

Increase

Current discount rate

8.05%

Calculation

US$355.68m

Earnings '28

21.45x

PE Ratio '28

US$7.63b

Market Cap '28

US$7.63b

Market Cap '28

36.22m

No. shares '28

US$210.62

Share Price '28

US$210.62 Share Price '28

Discounted to 2025 @ 8.05% p.a.

US$166.97

Fair Value '25

Consolidation And Cyber Risks Will Undermine Market Relevance

Shared on07 May 25Fair value Decreased 10%

Shared on07 May 25
Fair value Decreased 10%