Interactive Brokers price target raised to $214 from $211 at Goldman Sachs

Goldman Sachs analyst James Yaro raised the firm’s price target on Interactive Brokers (IBKR) to $214 from $211 and keeps a Buy rating on the shares. Goldman is constructive that continued above-trend account growth and its expectation for further cyclical retail trading activity growth should support continued earnings upgrades, and believes Interactive Brokers offers a unique customer acquisition strategy, the analyst tells investors in a research note. The firm continues to see upside optionality from potential inorganic growth, as the company has begun to realize the need to deploy some of its quickly growing excess capital.