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TMX Group price target raised to C$61 from C$57 at BMO Capital

Published 16/07/2025, 17:40
TMX Group price target raised to C$61 from C$57 at BMO Capital
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2.54%

Investing.com - BMO Capital raised its price target on TMX Group (TSX:X) (OTC:TMXXF) to C$61.00 from C$57.00 on Wednesday, while maintaining an Outperform rating on the stock.

The firm cited TMX Group’s potential for 13% organic topline growth in Q2, which would mark the fourth consecutive quarter of double-digit growth for the company.

BMO Capital noted that TMX’s growth is being driven by continued momentum in the Derivatives segment and improving performance in Cash Equities.

Looking ahead to 2025, the research firm stated that TMX Group is well-positioned to deliver its strongest earnings growth in four years.

BMO Capital identified TMX Group as its top pick, highlighting that rising organic revenue growth supports premium valuations for the stock.

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