Morgan Stanley analyst Michael Cyprys downgrades $Cboe Global Markets (CBOE.US)$ to a sell rating, and maintains the target price at $199.
According to TipRanks data, the analyst has a success rate of 55.9% and a total average return of 5.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Cboe Global Markets (CBOE.US)$'s main analysts recently are as follows:
The shares are believed to be factoring in a significant sales increase, yet there are perceived risks to the growth and valuation of Cboe Global Markets. Trading at a multiple of 22 times the projected 2026 earnings, this represents a slight premium over historical averages and is somewhat above the peer average. The risk of declining growth potentially leading to earnings shortfalls, combined with a commitment to margin consistency and a willingness to consider acquisitions, could result in a decrease in the valuation multiple.
Following the Q3 report, there was an earnings beat for Cboe Global Markets as net revenue slightly exceeded expectations, which was somewhat counterbalanced by expenditures surpassing forecasts.
The firm's assessment of Cboe Global Markets remains positive despite a reduction in the stock's valuation following solid Q3 results. The report highlights that there were no significant setbacks in the financial outcomes, and there was an increase in the guidance for organic total net revenue. Despite a minor decline in the stock's performance, the firm attributes this to the perception that increased investments by the company could potentially shrink margins and that softer volume in October may be a factor. Nevertheless, the firm views these concerns as not particularly alarming and suggests that the current dip in stock value presents an attractive investment opportunity.
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摩根士丹利分析师Michael Cyprys下调$芝加哥期权交易所 (CBOE.US)$至卖出评级，维持目标价199美元。
根据TipRanks数据显示，该分析师近一年总胜率为55.9%，总平均回报率为5.6%。
此外，综合报道，$芝加哥期权交易所 (CBOE.US)$近期主要分析师观点如下：
股票被认为已经反映了销售额显著增加，但芝加哥期权交易所的增长和估值存在风险。以2026年预期收益的22倍交易，这代表略高于历史平均水平，并略高于同行平均水平。下降增长风险可能导致收益不达预期，再加上对保持利润率一致性的承诺和考虑收购的意愿，可能导致估值倍数下降。
在Q3报告之后，芝加哥期权交易所实现了盈利超预期，净营业收入略微超出预期，但支出超出了预期。
尽管芝加哥期权交易所的股票估值在Q3业绩强劲表现之后有所下降，该公司对芝加哥期权交易所的评估仍然是积极的。该报告强调，财务业绩没有出现重大挫折，并且对有机总净营业收入的指导增加。尽管股票表现有所下滑，但公司将此归因于市场对公司增加投资可能导致利润率收缩以及十月份交易量较低可能是个因素的看法。然而，公司认为这些担忧并不特别令人担忧，并建议股价当前的下跌提供了有吸引力的投资机会。
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