Spain’s credit rating upgraded to ’A+’ by S&P on strong growth
Investing.com - William Blair initiated coverage on Miami International Holdings (NYSE:MIAX) with an Outperform rating on Monday. The company, currently valued at $3.01 billion, has shown strong momentum with a 13.7% return over the past six months, according to InvestingPro data.
The financial services firm highlighted Miami International as "an emerging derivatives exchange and growth story in the relatively mature exchange sector," according to its research note.
William Blair noted that the company has established a strong position in the multi-listed options market through its advanced, proprietary technology and is now entering the next phase of its growth strategy by expanding its total addressable market through new product offerings.
The firm projects that as new products gain traction and margins expand, Miami International could grow revenues at 15%-20% and EBITDA at nearly 30%, on average, in 2026 and 2027.
Miami International Holdings operates electronic derivatives exchanges and clearinghouses, with its technology platform serving as a key competitive advantage in the financial exchange sector.
In other recent news, Miami International Holdings has been the focus of several analyst reports. Morgan Stanley initiated coverage on the company with an Overweight rating, setting a price target of $42.00. The firm highlighted a potential 17% upside to this target, with a favorable risk-reward profile. Piper Sandler also began coverage with an Overweight rating, assigning a $39.00 price target. Meanwhile, Keefe, Bruyette & Woods started coverage with a Market Perform rating, targeting a price of $37.00. These developments come after Miami International Holdings went public at $23 per share on August 14, 2025, and has since appreciated significantly. The company’s position as the second largest multi-list options exchange in the U.S. by revenue was noted by Keefe, Bruyette & Woods.
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