UPDATE: Jefferies Starts Interactive Brokers Group (IBKR) at Buy

March 5, 2021 4:49 AM EST
Get Alerts IBKR Hot Sheet
Price: $74.47 +1.14%

Rating Summary:
    3 Buy, 8 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 17 | Down: 14 | New: 42
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(Updated - March 5, 2021 7:45 AM EST)

Jefferies analyst Daniel Fannon initiates coverage on Interactive Brokers Group (NASDAQ: IBKR) with a Buy rating and a price target of $89.00.

The analyst commented, "We are initiating coverage of IBKR with a Buy Rating and an $89 price target. The combination of elevated retail activity and the potential for higher interest rates both represent tailwinds to earnings in 2021 and beyond. IBKR's unique market positioning for active global investors should allow it to grow its customer base on a sustainable basis as it represents the only true low cost, global full service brokerage offering for investors."

For an analyst ratings summary and ratings history on Interactive Brokers Group click here. For more ratings news on Interactive Brokers Group click here.

Shares of Interactive Brokers Group closed at $74.80 yesterday.

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