On July 9, Interactive Brokers rose 3.05% in regular trading, reaching $96.25 per share, with turnover of $43.74 million.
The move comes amid a wave of analyst upgrades. Jefferies raised its price target from $90 to $102 on July 8, while China Renaissance initiated coverage with a $99.90 target. Goldman Sachs lifted its target from $109 to $114, maintaining a Buy rating. The FactSet consensus average target now stands at $94.17 with an Overweight rating, suggesting broad institutional confidence.
Underpinning these upgrades is robust operational momentum. June daily average revenue trades surged 53% year-over-year to 5.3 million, ending client equity rose 40% to $930.3 billion, and client accounts grew 34% to 5.2 million. Client margin loan balances jumped 67% to $108.5 billion. The company is set to report Q2 earnings on July 21, with consensus EPS expected at $0.58.
(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.)
Comments