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Investing.com - Raymond (NSE:RYMD) James raised its price target on Tradeweb Markets (NASDAQ:TW) to $156.00 from $155.00 on Monday, while maintaining an Outperform rating on the stock. The stock currently trades at $140.07, with analyst targets ranging from $107 to $208, according to InvestingPro data.
The firm cited solid recent volume trends for the electronic trading platform, which have been boosted by a favorable macroeconomic backdrop ahead of the company’s second-quarter 2025 earnings report, scheduled for July 30. The company has demonstrated strong momentum with revenue growth of 29% over the last twelve months.
Raymond James expressed confidence that Tradeweb can achieve solid growth across various macroeconomic conditions over the longer term.
The investment bank specifically highlighted expected market share gains in U.S. Treasuries, interest rate swaps, and U.S. corporate bonds as drivers for long-term revenue growth.
Raymond James noted that Tradeweb shares currently trade at 36 times its 2026 estimated non-GAAP earnings per share, compared to the five-year next-twelve-months average of 40 times, suggesting an attractive risk/reward profile.
In other recent news, Tradeweb Markets Inc . reported a significant 24.7% increase in quarterly revenues, reaching $510 million for the first quarter of 2025, surpassing analysts’ expectations with an earnings per share of $0.86. This growth was driven by strong performance across various trading platforms, with U.S. government bond average daily volume (ADV) rising 6.1% and European government bond ADV increasing 10.0%. In a strategic move, Tradeweb has launched direct U.S. Treasury bill trading for corporate treasurers, enhancing its platform capabilities. Additionally, the company appointed Sherry Marcus as the new Head of Artificial Intelligence to bolster its AI capabilities in trading and analytics.
Tradeweb also reported a 33.3% year-over-year increase in ADV for May 2025, with significant growth in equities and credit markets. The company continues to innovate by introducing portfolio trading for European government bonds, reflecting a strategic effort to enhance electronification in the market. In a recent development, Tradeweb’s stock was downgraded by analysts at Citi, though the firm remains confident in its long-term growth strategy. The company plans to further expand its offerings by adding more fixed income instruments to its trading platform, aiming to align with evolving client investment strategies.
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