BofA: Investors pour into bonds, pull back from crypto
Cboe Global Markets (NYSE:CBOE) Inc has reached a significant milestone as its stock hit an all-time high of 237.79 USD. The company demonstrates great financial health according to InvestingPro metrics, with strong profitability and robust cash flows that easily cover its debt obligations. This achievement underscores the company’s robust performance over the past year, with an even more impressive total return of 51.53% and dividend growth of nearly 30%. The impressive growth reflects the market’s confidence in Cboe Global Markets’ strategic initiatives and its ability to navigate the evolving financial landscape. As the company continues to expand its offerings and capitalize on market opportunities, investors are closely watching to see if this upward trajectory will persist, particularly given its current overvalued status according to InvestingPro Fair Value analysis. For deeper insights into CBOE’s valuation and 13 additional ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Cboe Global Markets reported a varied trading volume landscape for May 2025. The company saw a 27.6% year-over-year increase in multiply-listed options contracts, although this was a 4.1% decrease from the previous month. Index options also experienced a 14.7% increase from the previous year, despite a 14.9% drop from April 2025. Meanwhile, futures contracts trading declined by 22.5% year-over-year and 46.4% from the prior month. In a significant operational move, Cboe announced the migration of its bitcoin and ether futures from the Cboe Digital Exchange to the Cboe Futures Exchange to enhance customer access and efficiency.
Jefferies recently adjusted its price target for Cboe to $233, citing stronger-than-expected index options and European equities volume. This adjustment came with a revised revenue estimate, increasing by approximately $16 million due to improved revenue per contract. UBS maintained a Neutral rating on Cboe, raising its second-quarter 2025 earnings per share estimate to $2.44, driven by strong index options performance. Raymond (NSE:RYMD) James reiterated its Market Perform rating, expressing uncertainty about Cboe’s ability to maintain growth in its proprietary index options products.
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