China smartphone shipments slumped in June on inventory overhang: Jefferies
Investing.com - Piper Sandler has raised its price target on Intercontinental Exchange (NYSE:ICE) to $202.00 from $180.00, while maintaining an Overweight rating on the stock. The company, currently valued at $104.25 billion, is trading near its 52-week high of $183.99. According to InvestingPro data, 8 analysts have recently revised their earnings estimates upward for the upcoming period.
The research firm cited ICE’s diversified, less volume-sensitive business model as a positive factor heading into the second half of 2025, making it one of Piper Sandler’s preferred picks ahead of second-quarter earnings reports. The company has demonstrated strong financial health with 12.88% revenue growth in the last twelve months. Get deeper insights into ICE’s performance metrics with a comprehensive InvestingPro Research Report, available among 1,400+ detailed company analyses.
Piper Sandler expects ICE to report solid results for the second quarter of 2025, with no anticipated risks to the company’s full-year 2025 guidance targets.
The firm noted that a strengthening capital markets environment and seasonal mortgage tailwinds should help offset any potential slowdown in futures trading activity during the second half of the year.
Piper Sandler considers Intercontinental Exchange stock attractively valued at 23.7 times consensus 2026 estimated earnings per share, with the new $202 price target representing approximately 26 times 2026 estimated earnings per share.
In other recent news, Intercontinental Exchange (ICE) reported record trading volumes for the first half of 2025, with 1.2 billion futures and options contracts traded. The company also announced a significant increase in energy trading volumes, with 673.4 million energy futures and options contracts, contributing to a 24% year-over-year growth in trading volumes across its markets. Additionally, ICE plans to expand its NYSE family of indices, including the launch of the NYSE Elite Tech 100 Index, aimed at featuring technology leaders from all U.S. exchanges. Analyst firms Jefferies and UBS have raised their price targets for ICE, citing strong performance in various segments. Jefferies increased its Q2 2025 earnings per share estimate to $1.77, while UBS raised its estimate to $1.78, both highlighting robust trading activity. UBS also noted a 14% year-over-year growth in exchange revenue for the second quarter of 2025. The company continues to see strong performance in its financial markets, with record volumes in interest rate trading and increased open interest. These developments underscore ICE’s growing influence in global trading and financial markets.
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