Cboe upgraded to Buy at TD Cowen on SPX contract, KPI opportunity (CBOE:BATS)

Cboe Global Markets (CBOE) stock increased 2.8% after TD Cowen upgraded it to Buy. The firm cited Cboe's 25-year extension of its S&P 500 Index licensing agreement and a new KPI-based contract with Robinhood (HOOD). Analyst Bill Katz highlighted reduced risk and new derivative opportunities.

Cboe Global Markets' shares rose after TD Cowen upgraded its rating to 'Buy' from 'Hold' and raised its price target to $334 from $315. The stock gained 3.68% on the day and 5.14% over the past year. The upgrade was based on valuation, earnings per share revisions, and visibility.

TD Cowen upgraded CBOE Global Markets to Buy from Hold and raised its price target to $334 from $315. The stock has a 5-day change of -2.21% and a year-to-date change of +7.95%.

TD Cowen upgraded Cboe Global Markets (CBOE) to Buy from Hold, raising its price target to $334 from $315. The stock has a 5-day change of -2.21%, a 1st Jan change of +5.14%, and a 1-year change of +7.95%.

Goldman Sachs upgraded CBOE Holdings (CBOE) to Neutral with a $300 price target, citing attractive valuation and reduced competitive risks. The stock has risen 44.6% since being added to the Americas Sell List. CBOE reported Q2 2026 earnings of $3.56 per share, beating estimates, with net revenue of $732 million, up 25% YoY. Piper Sandler maintains an Overweight rating with a $320 target.

Robinhood (HOOD) stock fell 3.2% to $112 on September 30, despite Cboe's announcement of launching KPI binary contracts on the platform in October 2026. Analysts from Morgan Stanley, Deutsche Bank, and KeyBanc have raised price targets, citing HOOD's expanding product suite. The stock faces support at $110, with analysts predicting potential rebounds.