Interactive Brokers Group (IBKR) PT Raised to $84 at Jefferies

Jefferies analyst Daniel Fannon raised the price target on Interactive Brokers Group (NASDAQ: IBKR) to $84.00 (from $75.00) while maintaining a Buy rating.

The analyst commented, "IBKR reported 3Q21 Adj. EPS of $0.78, $0.03 above our estimate and $0.06 ahead of consensus. On an adj pretax basis, results came in +$19M above our estimate. Securities lending revenue was the primary driver of the beat, while generally all metrics continue to exhibit high levels of customer engagement. Mgmt reiterated its long-term annual account growth targets of +30%, which compares to 3Q21 account growth of +57%."

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