Tradeweb Markets (TW) PT Raised to $144 at Raymond James

Raymond James analyst Patrick O\'Shaughnessy raised the price target on Tradeweb Markets (NASDAQ: TW) to $144.00 (from $141.00) while maintaining a Outperform rating.

The analyst comments "We maintain our Outperform rating on Tradeweb following 4Q24 earnings. Recent volume trends have been solid, albeit slowing from the torrid levels seen earlier in 2024, driven by a favorable macro backdrop as well as meaningful share gains in key products. Longer term, we believe Tradeweb can achieve solid growth in a variety of macroeconomic conditions and expect market share gains in areas such as U.S. Treasuries, interest rate swaps, and U.S. corporate bonds to drive long-term revenue upside. With shares trading at ~32.5x our 2026E non-GAAP EPS vs. the five-year NTM average of 40x, we believe the risk/reward remains attractive."

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