Wall St futures flat amid US-China trade jitters; bank earnings in focus
Investing.com - Raymond James lowered its price target on Tradeweb Markets (NASDAQ:TW) to $134.00 from $156.00 on Tuesday while maintaining an Outperform rating on the financial services company. The stock currently trades at $108.35, down about 17% over the past six months, with InvestingPro data showing a "GREAT" overall financial health score.
The price target reduction reflects Tradeweb’s recent lack of market share momentum in key products, according to the investment firm’s research note.
Despite the absence of market share gains, Raymond James noted that Tradeweb’s volume trends have remained solid, supported by a favorable macroeconomic environment.
The investment firm expressed confidence in Tradeweb’s long-term growth potential across various economic conditions and expects future market share gains to drive revenue upside.
Raymond James views Tradeweb’s current valuation as attractive, with shares trading at 28 times estimated 2026 non-GAAP earnings per share, below the company’s five-year next-twelve-months average multiple of 32.
In other recent news, Tradeweb Markets Inc . reported record trading volumes, with September 2025 seeing a total trading volume of $63.7 trillion and an average daily volume (ADV) of $2.9 trillion, marking a 10% year-over-year increase. For the third quarter of 2025, the total trading volume reached a record $172.8 trillion with an ADV of $2.6 trillion, an 11.8% increase from the previous year. The company also announced an expansion of its dealer algorithmic execution capabilities for U.S. Treasuries, which provides institutional clients enhanced access to liquidity and execution strategies. In August 2025, Tradeweb reported an 11.3% rise in trading volume compared to the previous year, with an ADV of $2.5 trillion.
On the analyst front, Keefe, Bruyette & Woods reiterated an Outperform rating on Tradeweb Markets, maintaining a positive outlook with a price target of $161.00. Conversely, Rothschild Redburn downgraded Tradeweb Markets from Buy to Neutral, lowering the price target to $129.00 due to concerns about growth prospects in fixed-income trading. These recent developments highlight significant activity and varying analyst perspectives regarding Tradeweb’s market performance and future outlook.
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