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Intercontinental Exchange (ICE) Receives a Buy from Goldman Sachs

Tipranks - Tipranks - Wed Apr 8, 11:46AM CDT

Goldman Sachs analyst Alexander Blostein maintained a Buy rating on Intercontinental Exchange yesterday and set a price target of $205.00.

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Blostein covers the Financial sector, focusing on stocks such as Invesco, Nasdaq, and Virtu Financial. According to TipRanks, Blostein has an average return of 16.3% and a 68.10% success rate on recommended stocks.

Intercontinental Exchange has an analyst consensus of Strong Buy, with a price target consensus of $197.20.

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Based on Intercontinental Exchange’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.14 billion and a net profit of $840 million. In comparison, last year the company earned a revenue of $3.03 billion and had a net profit of $698 million

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