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Investing.com - Oppenheimer raised its price target on CBOE Holdings (NYSE:CBOE) to $265.00 from $253.00 on Monday, while maintaining an Outperform rating on the stock. The stock, which has delivered a remarkable 64% return over the past year, is currently trading near its 52-week high. According to InvestingPro analysis, the stock appears to be fairly valued at current levels.
The price target increase follows CBOE’s record net revenue results for the second quarter, with both top and bottom lines growing at 14% year-over-year. The strong performance was driven by growth across multiple segments, with Derivatives Markets up 17%, while Data Vantage and Cash & Spot Markets each grew by 11%.
CBOE has improved its 2025 organic net revenue growth and adjusted operating expense guidance, with Oppenheimer noting there could be conservatism built into the Data Vantage guidance. Supporting this optimistic outlook, seven analysts have recently revised their earnings estimates upward for the upcoming period, as revealed by InvestingPro data. The company has also maintained its strong dividend track record, having raised dividends for 10 consecutive years.
The stock rose 3% against the S&P 500’s 2% decline following the earnings report, which coincided with a weaker-than-expected July jobs report and renewed tariff concerns.
Oppenheimer highlighted that under its new CEO, CBOE appears to be maintaining strategic continuity rather than making major pivots, with management focusing on globalization of market/data/access, retail adoption, and continued penetration of 0DTE (zero days to expiration) options.
In other recent news, Cboe Global Markets reported its second-quarter 2025 earnings, surpassing analyst expectations. The company achieved an earnings per share (EPS) of $2.46, which was above the forecasted $2.44. Additionally, Cboe Global’s revenue reached $587.3 million, exceeding the anticipated $576.1 million. These results highlight the company’s strong financial performance in the recent quarter. There were no reported mergers or acquisitions involving Cboe Global in this period. Furthermore, there were no analyst upgrades or downgrades for the company recently. Other company news was not available at this time.
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