On July 2, Interactive Brokers rose 3.71% in regular trading, trading at $96.13/share, with turnover of $65.81 million. The rally was driven by a dual catalyst of robust June operating metrics and a bullish analyst action from Goldman Sachs.
The company reported June daily average revenue trades (DARTs) surged 53% year-over-year to 5.3 million, accelerating from 47% growth in May. Ending client equity rose 40% to $930.3 billion, while client accounts expanded 34% to 5.2 million. Notably, client margin loan balances climbed 67% to $108.5 billion, reflecting heightened leverage demand among active traders. Goldman Sachs simultaneously raised its price target to $114 from $109, maintaining a Buy rating. The consensus mean target now stands at $92.40 with an average overweight rating.
The strong June metrics set a positive tone ahead of the Q2 earnings release scheduled for July 21, with consensus EPS estimated at $0.58. The company has also recently expanded its product ecosystem, integrating AI trading tools via ChatGPT and Grok, launching commission-free ETFs in Europe, and rolling out a prediction-market platform.
(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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