Barclays raised the firm’s price target on Interactive Brokers (IBKR) to $224 from $214 and keeps an Overweight rating on the shares as part of a Q4 preview for the brokers group. Trading activity and account formation generally remained “robust,” and at Robinhood (HOOD) in particular Barclays sees a “very strong beat likely in the quarter,” the analyst tells investors in a research note. The firm continues to be constructive across its brokers coverage into 2025.
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Read More on IBKR:
- Interactive Brokers price target raised to $220 from $180 at Citi
- Interactive Brokers price target raised to $200 from $163 at Piper Sandler
- Interactive Brokers price target raised to $214 from $211 at Goldman Sachs
- Interactive Brokers reports December DARTs up 66% y/y
- Interactive Brokers price target raised to $214 from $165 at Barclays
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