Analyst Michael Cyprys from Morgan Stanley maintained a Buy rating on Tradeweb Markets (TW – Research Report) and keeping the price target at $159.00.
Michael Cyprys has given his Buy rating due to a combination of factors including Tradeweb Markets’ impressive growth in trading volumes and market share gains. In February, the company reported an average daily volume (ADV) of $2.5 trillion, marking a 33% year-over-year increase, which is a significant acceleration. This growth is partly attributed to the ICD acquisition, which has notably bolstered their money market volumes.
Additionally, Tradeweb has seen substantial market share gains in both investment-grade (IG) and high-yield (HY) credit markets. The IG credit market share rose by 19 basis points year-over-year to 17.8%, while the HY credit market share increased by 70 basis points to 7.3%. These metrics suggest a strong competitive position and potential for continued growth, supporting Cyprys’s positive outlook on the stock.
According to TipRanks, Cyprys is a 4-star analyst with an average return of 5.2% and a 55.80% success rate. Cyprys covers the Financial sector, focusing on stocks such as Charles Schwab, Marketaxess Holdings, and Tradeweb Markets.