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On Tuesday, Keefe, Bruyette & Woods raised the price target on Euronext NV (EPA:ENX:FP) (OTC: EUXTF) to EUR130.00, up from the previous EUR125.00, while maintaining an Outperform rating on the stock. The adjustment follows Euronext’s recent financial performance, which included a minor adjusted earnings per share (EPS) miss but also a revenue figure that surpassed expectations.
The firm’s analyst noted that Euronext’s adjusted operating profit exceeded their projections by EUR0.03, primarily due to higher revenues. This revenue outperformance, along with its subsequent positive effects, was significant enough to more than counterbalance an increase in the company’s expense guidance for 2025.
In response to these results, Keefe, Bruyette & Woods has revised its forward EPS estimates for Euronext. The 2025 basic EPS estimate has been increased to EUR6.85 from EUR6.80, and the 2026 estimate has been lifted to EUR7.21 from EUR7.13. The upward revisions are mainly attributed to stronger clearing and market solutions revenues, which are somewhat mitigated by the anticipated rise in expenses.
The new 12-month price target of EUR130 reflects approximately 18 times Keefe, Bruyette & Woods’ 2026 EPS estimate for Euronext. The Outperform rating suggests that the firm continues to view Euronext shares positively, anticipating that the stock will perform better than the overall market in the coming months.
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