Intercontinental Exchange price target maintained at $195 by UBS

Intercontinental Exchange (NYSE:ICE) stock rating was reiterated as Buy with a $195.00 price target by UBS on Monday. The stock, currently trading at $179.51, sits near its 52-week high of $180.89, having delivered an impressive 20.41% return year-to-date.

UBS hosted an investor meeting with several members of ICE’s management team last week, focusing primarily on structural opportunities in the company’s core energy and mortgage technology businesses. According to UBS, both segments are positioned for attractive long-term growth that may not be fully reflected in the current share price. InvestingPro data shows ICE has maintained strong revenue growth of 12.88% over the last twelve months, with a healthy overall financial score.

The financial and data services (FIDS) segment of ICE continues to show stable growth with potential upside in certain areas. Management indicated little interest in inorganic expansion in execution businesses, according to the analyst note.

UBS noted that the regulatory environment should remain supportive for Intercontinental Exchange, with management closely monitoring stablecoin legislation developments.

Intercontinental Exchange remains UBS’s top pick among exchange companies, with the firm maintaining its positive outlook on the stock’s potential.

In other recent news, Intercontinental Exchange Inc. (ICE) reported its first-quarter earnings for 2025, achieving an earnings per share (EPS) of $1.72, which surpassed the forecast of $1.70. The company also reported net revenue of $2.47 billion, meeting expectations. ICE has announced a dual-listing on NYSE Texas, maintaining its primary listing on the NYSE. This expansion follows the launch of NYSE Texas earlier this year, which has attracted 10 companies for dual-listing. Additionally, ICE Bonds introduced a new feature, Price Improvement Volume Clearing, to enhance liquidity and pricing in corporate bond trading. The company also reported record trading volumes in April, with a 44% year-over-year rise in average daily volume and notable growth across energy and financial sectors. Furthermore, ICE’s April 2025 First Look report highlighted a rise in foreclosure activity for U.S. Department of Veterans Affairs (VA) mortgages following the expiration of the foreclosure moratorium. These developments underscore ICE’s ongoing strategic initiatives and market expansion efforts.

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