
MarketAxess Holdings (MKTX) Stock Forecast & Price Target
MarketAxess Holdings (MKTX) Analyst Ratings
Bulls say
MarketAxess Holdings is positioned favorably due to secular tailwinds supporting the electronification of fixed-income trading, alongside innovative product offerings such as X-Pro and Adaptive Auto-X aimed at enhancing trading efficiency. The company's strategy of expanding into municipal and international trading, coupled with a stronger-than-expected industry volume, particularly in High Yield credit, has led to upward revisions in earnings estimates for 2025 through 2027. Furthermore, the recently launched block trading initiative in US Credit is anticipated to bolster MarketAxess's market share in this segment, potentially increasing its existing share of the block market beyond 11%.
Bears say
MarketAxess Holdings has revised its estimated earnings per share (EPS) for 2025 and 2026 downward from $7.80 and $8.89 to $7.41 and $8.26, respectively, primarily due to an increased tax rate and lower expectations for fee per million (FPM) metrics. The company's reported credit fee per million in April was $139, which fell short of the estimated $146, indicating potential weakness in revenue generation within its credit market segment. Additionally, there are growing concerns about a stagnation or decline in MarketAxess's credit market share, suggesting a possible competitive shift in fixed-income trading that could hinder future growth prospects.
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
Start investing in MarketAxess Holdings (MKTX)
Order type
Buy in
Order amount
Est. shares
0 shares