CBOE Stock Forecast & Price Target

Cboe Global Markets has demonstrated a robust performance with options volume recently outperforming industry futures volumes, driven by strong retail engagement. The firm has raised its full-year organic net revenue growth guidance to a high single-digit range, reflecting positive financial performance in the first half of the year. Furthermore, Cboe's innovative capabilities and exclusive rights in key index options, including Zero Day to Expiry options, position it favorably within the options industry, enhancing its growth potential.

Cboe Global Markets has experienced a notable decline in management's expectations due to the closure of its Japanese equities business, which has impacted overall revenue and operating discipline. Despite some positive revenue trends and expectations for the second half of the year, these factors are overshadowed by the expense miss and the lowered full-year expense guidance. The company's reliance on its options exchange, which constitutes approximately 60% of its revenue, presents a risk when considering the volatility associated with this segment, further contributing to a negative outlook.