Morgan Stanley upgrades CBOE to Overweight and lifts price target to $358
Morgan Stanley upgraded Cboe Global Markets to Overweight, raising its price target from $258 to $358. The upgrade was driven by the extension of the S&P Dow Jones Indices licensing agreement through 2051 and stronger‑than‑expected growth in options trading. The firm also projected a 5.8% compound annual revenue growth and a 10.2% EPS growth through 2028. CBOE shares rose roughly 3% in pre‑market trading following the note.
Why it matters
The higher rating and price target suggest upside potential for investors, while the projected revenue and EPS growth indicate improving earnings prospects. The upgrade may also lift market sentiment toward CBOE and support further price appreciation.
Key facts
- 1Morgan Stanley upgraded CBOE to Overweight from Underweight. investing.com
- 2The firm raised its price target to $358 from $258. investing.com
- 3The upgrade cites the S&P Dow Jones Indices license extension through 2051. investing.com
- 4Morgan Stanley expects revenue to grow at a 5.8% compound annual growth rate from 2026 to 2028. investing.com
- 5Morgan Stanley projects EPS to grow at a 10.2% compound annual growth rate through 2028. investing.com
- 6CBOE shares rose about 3.6% pre‑market after the upgrade. investing.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.