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Investing.com - TD Cowen has raised its price target on Marex Group PLC (NASDAQ:MRX) to $55.00 from $54.00 while maintaining a Buy rating on the stock. The new target represents significant upside from the current price of $36.26, with InvestingPro data showing the stock has already delivered an impressive 50.5% return over the past year.
The price target adjustment follows Marex’s second-quarter results released on August 13, with TD Cowen indicating that consensus estimates are "materially underestimating" the company’s long-term earnings potential, remaining approximately 10% too low for 2025-2026 estimates. The company’s strong fundamentals are reflected in its robust 38.5% revenue growth and healthy P/E ratio of 10.4x.
TD Cowen noted that Marex management addressed recent short seller concerns during their earnings presentation, which should help clarify the company’s business model for investors, while client reaction has been "stable/improving."
The research firm identified three potential drivers for Marex shares: reduced short seller efficacy, upward revisions to consensus estimates, and business model durability.
The new $55 price target represents 13 times TD Cowen’s revised 2026 earnings per share estimate for Marex Group.
In other recent news, Marex reported strong financial results for the second quarter of 2025, surpassing analyst expectations. The company achieved an earnings per share (EPS) of $1.02, which was higher than the projected $0.93, resulting in a 9.68% surprise. Revenue also exceeded forecasts, reaching $500 million compared to the anticipated $470.53 million, marking a 6.28% increase. These results highlight Marex’s robust performance in the quarter. The earnings announcement did not significantly affect the company’s stock price. These developments are of interest to investors monitoring the company’s financial health and market performance.
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