On July 30, Interactive Brokers rose 3.16% in regular trading, trading at 89.57 USD/share, with turnover of $111 million. The stock rebounded after two consecutive sessions of cumulative losses exceeding 6%.
The rally was driven by strong Q2 results reported on July 21. Interactive Brokers posted adjusted earnings of $0.69 per diluted share, up from $0.51 a year earlier and above the FactSet consensus estimate of $0.64. Revenue for the quarter reached $1.90 billion, up from $1.48 billion year-over-year and surpassing the $1.80 billion analyst expectation. Client equity surged 40% year-over-year to $930.3 billion.
Multiple analyst upgrades have reinforced bullish sentiment. CICC raised its target price from $90 to $110, maintaining an Outperform rating, while BMO Capital adjusted its target to $110 from $105. The FactSet consensus target of $107.72 implies meaningful upside from current levels. Sector tailwinds also supported the move, with Goldman Sachs up 3.53% and Morgan Stanley up 2.92% on the session.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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