BofA upgrades MarketAxess stock rating on valuation, easing headwinds
BofA Securities upgraded MarketAxess Holdings (NASDAQ:MKTX) from Underperform to Neutral, setting a price target of $170. The upgrade reflects an improved valuation, with the stock trading at an all-time low of 14 times earnings, and easing headwinds previously impacting the electronic bond trading platform. Despite past market share loss to competitors like Tradeweb and Trumid, recent Q1 2026 financial results surpassed expectations, and the company benefits from AI innovations.
https://www.investing.com/news/analyst-ratings/bofa-upgrades-marketaxess-stock-rating-on-valuation-easing-headwinds-93CH-4739351