Piper Sandler has decided to maintain its Neutral rating of MarketAxess Holdings MKTX and lower its price target from $300.00 to $285.00.
Shares of MarketAxess Holdings are trading down 0.69% over the last 24 hours, at $254.25 per share.
A move to $285.00 would account for a 12.09% increase from the current share price.
About MarketAxess Holdings
Founded in 2000, MarketAxess is a leading electronic fixed-income trading platform that connects broker/dealers and institutional investors. The company is primarily focused on credit based fixed income securities with its main trading products being U.S. investment-grade and high-yield bonds, Eurobonds, and Emerging Market corporate debt. Recently the company has expanded more aggressively into Treasuries and municipal bonds with the acquisitions of LiquidityEdge and MuniBrokers in 2019 and 2021, respectively. The company also provides pre- and post-trade services with its acquisition of Regulatory Reporting Hub from Deutsche Börse Group in 2020 adding to its product offerings.
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