Intercontinental Exchange (ICE) PT Raised to $205 at UBS
UBS analyst Alex Kramm raised the price target on Intercontinental Exchange (NYSE: ICE) to $205.00 (from $200.00) while maintaining a Buy rating.
The analyst commented, "Following ICE's March metrics release, we are raising our 1Q26 EPS estimate to $2.26 from $2.09 (vs. the Street at $2.00). Our exchanges segment outlook comes up 9% on the back of significantly higher financials and energy futures volumes. Our outlook for the FIDS business comes up by 2% primarily driven by better expected CDS clearing revenue, partially offset by softer expected fixed income execution revenue. Our outlook for both 2026 and 2027 comes up 2% primarily on the back of higher exchange revenues. The stock has lagged peers YTD despite strong volumes, as we think mortgage and AI fears have created an overhang. With fundamentals strong and mortgage poised to improve, we remain constructive."