Interactive Brokers Group (IBKR) PT Raised to $222 at Jefferies
Jefferies analyst Daniel Fannon raised the price target on Interactive Brokers Group (NASDAQ: IBKR) to $222.00 (from $215.00) while maintaining a Buy rating.
The analyst comments "IBKR reported 4Q24 Adj. EPS of $2.02, vs JEF est $1.82/Cons $1.84. Revenues came in higher than expected (+$51M vs est) while expenses came in -$22M below our est, resulting in adj op income +$73M above our est. Positive momentum across IBKR's business continues led by elevated account growth (+30% y/y) and overall levels of customer engagement (i.e. trading, margin utilization, etc) remaining healthy."