
MarketAxess Holdings (MKTX) Stock Forecast & Price Target
MarketAxess Holdings (MKTX) Analyst Ratings
Bulls say
MarketAxess Holdings is positioned to capitalize on the ongoing electronification of fixed-income trading and has introduced innovative products such as X-Pro and Adaptive Auto-X, which are expected to enhance its competitive edge. The company has revised its earnings estimates upwards for 2025 through 2027, reflecting a robust high-yield credit market and an anticipated increase in block trading share, which is currently around 11%. Additionally, the improved financial metrics include a notable $0.06 earnings beat driven by decreased expenses and increased non-operating income, underscoring the company's potential for strong future profitability despite a rising tax rate.
Bears say
MarketAxess Holdings has revised its earnings per share (EPS) estimates for 2025 and 2026 downward from $7.80 and $8.89 to $7.41 and $8.26, respectively, primarily due to a higher anticipated tax rate and a decrease in fee per million (FPM) expectations. The company's April credit fee per million of $139 fell short of the projected $146 for the second quarter of 2025, indicating potential revenue challenges. Additionally, the recent stagnation and declining credit market share have raised concerns regarding a competitive shift in fixed-income trading, positioning MarketAxess as a "show-me" story in the short term.
This aggregate rating is based on analysts' research of MarketAxess Holdings and is not a guaranteed prediction by Public.com or investment advice.
MarketAxess Holdings (MKTX) Analyst Forecast & Price Prediction
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