FMP
Virtu Financial Stock Weakness is an Opportunity
Sep 15, 2023 3:54 PM - Davit Kirakosyan(Last modified: Dec 19, 2023 5:49 PM)
Image credit: FMP
Citi analysts raised their rating for Virtu Financial (NASDAQ:VIRT) from Neutral to Buy with a $20.00 price target. This upgrade comes after Virtu's stock dropped by more than 8% on Wednesday due to an SEC lawsuit filed on September 12.
The analysts believe the market's response was excessive, citing previous cases like ITG, which settled for $20 million, as manageable precedents.
The analysts noted that there were no adverse client reactions to the SEC case and view the current stock weakness as an attractive opportunity, drawing on past experiences with regulatory news.
Other Blogs
May 14, 2024 11:41 AM - Sanzhi Kobzhan
The easiest way to calculate stock’s target price and why the target price is important.
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
May 16, 2024 8:06 PM - Gordon Thompson
Deutsche Bank Upgrades AST SpaceMobile to Buy Amid Legal Challenges
On Thursday, May 16, 2024, Deutsche Bank upgraded its rating on NASDAQ:ASTS to Buy, maintaining a hold position. At the time of the announcement, ASTS was trading at $4.03. This decision was accompanied by an increase in the price target for AST SpaceMobile, raised to $22 from $19, as detailed in a ...
May 24, 2024 9:30 AM - Rajnish Katharotiya
How to Access and Analyze Earnings Call Transcripts
Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...
