Deutsche Bank Upgrades Cboe Global Markets to "Buy"

• Deutsche Bank upgraded Cboe Global Markets (AMEX:CBOE) to a "Buy" rating, raising the price target to $222.
• Anticipated volatility in equity markets post-U.S. election is expected to drive increased use of index and volatility options, benefiting Cboe.
• Cboe's revenue growth is supported by organic factors such as product innovation and the rising adoption of options trading, including a notable upcoming launch of index options on the Robinhood platform.

On November 11, 2024, Deutsche Bank upgraded Cboe Global Markets (AMEX:CBOE) to a "Buy" rating from a previous "Hold," as reported by StreetInsider. At the time, the stock price was $196.86. Cboe Global Markets is a leading provider of market infrastructure and tradable products, including options, futures, and equities. It competes with other major exchanges like Nasdaq and the New York Stock Exchange.

Deutsche Bank's upgrade comes with an increased price target of $222, up from $212. This reflects the bank's confidence in Cboe's ability to sustain healthy revenue growth through at least 2025. The bank's analyst, Brian Bedell, suggests that anticipated volatility in equity markets, especially following the U.S. election results, will drive increased use of index and volatility options, benefiting Cboe.

Cboe's revenue growth is also expected to be supported by organic factors. These include ongoing product innovation and the rising adoption of options trading. A notable development is the upcoming launch of index options on the Robinhood platform, which could attract a new segment of retail investors to Cboe's offerings.

The current stock price of CBOE is $196.86, reflecting a decrease of 1.45% or $2.90. Today, the stock has traded between $196.72 and $199.55. Over the past year, CBOE has seen a high of $216.95 and a low of $166.13. The company's market capitalization is approximately $20.61 billion, with a trading volume of 1,879,119 shares on the AMEX exchange.