UBS Reiterates Buy Rating on MarketAxess (MKTX)

UBS analyst Alex Kramm reiterated a Buy rating and $295.00 price target on MarketAxess (NASDAQ: MKTX).

The analyst commented, "Following MKTX's June metrics release, we are lowering our 2Q25 EPS estimate to $2.04 from $2.11 (vs. $1.97 Street) on lower credit transaction fees. Relative to our prior expectations, total credit volume was 2.5% lower and rates volume was 2.0% lower. We forecast total revenue to increase 11% y/y in the 2Q, on higher credit and rates volumes offset by lower pricing. Preliminary credit FPM was in line with our estimate for the 2Q. We continue to see potential for elevated volatility to drive higher activity on MKTX' platform, while new initiatives have the potential to accelerate market share again. With valuation near all-time lows relative to the S&P 500, we continue to see a good risk/reward."

For an analyst ratings summary and ratings history on MarketAxess click here. For more ratings news on MarketAxess click here.

Shares of MarketAxess closed at $221.95 yesterday.

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