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RBC Capital Sticks to Its Buy Rating for Intercontinental Exchange (ICE)

Tipranks - Tipranks - Fri Apr 17, 8:56PM CDT

RBC Capital analyst Ashish Sabadra maintained a Buy rating on Intercontinental Exchange on April 15 and set a price target of $180.00. The company’s shares closed yesterday at $165.07.

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Sabadra covers the Financial sector, focusing on stocks such as TransUnion, Nasdaq, and S&P Global. According to TipRanks, Sabadra has an average return of 2.7% and a 53.86% success rate on recommended stocks.

In addition to RBC Capital, Intercontinental Exchange also received a Buy from Piper Sandler’s Patrick Moley in a report issued on April 15. However, on April 10, Morgan Stanley assigned a Hold rating to Intercontinental Exchange (NYSE: ICE).

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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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