
BGC Stock Forecast & Price Target
BGC Analyst Ratings
Bulls say
BGC Group Inc reported a robust revenue growth of 16% year-over-year and a significant increase of 24% in pretax adjusted earnings in the third quarter of 2024, indicating strong operational performance. The positive trajectory is bolstered by the successful launch of the FMX platform, which exceeded initial expectations, and the anticipated onboarding of additional significant futures commission merchants (FCMs). Furthermore, BGC's guidance for fourth-quarter revenues suggests continued growth, projecting an increase of 10% year-over-year, indicative of the company's solid market positioning and strategic initiatives.
Bears say
BGC Group Inc's guidance for fourth-quarter 2024 indicates pre-tax adjusted earnings and revenues that are only slightly above forecasts, suggesting limited growth potential amid an uncertain market environment. The company's reliance on brokerage services, particularly within a competitive landscape in global financial markets, raises concerns about its ability to sustain revenue streams. Additionally, the concentration of revenue from regions such as the United Kingdom and the United States could expose BGC to geopolitical risks and economic fluctuations, further contributing to a negative outlook on its stock performance.
This aggregate rating is based on analysts' research of BGC Group Inc and is not a guaranteed prediction by Public.com or investment advice.
BGC Analyst Forecast & Price Prediction
Start investing in BGC
Order type
Buy in
Order amount
Est. shares
0 shares