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Intercontinental Exchange (ICE) Receives a Buy from J.P. Morgan

Tipranks - Sun Apr 19, 7:20AM CDT

In a report released yesterday, Ken Worthington from J.P. Morgan maintained a Buy rating on Intercontinental Exchange, with a price target of $183.00. The company’s shares closed yesterday at $161.24.

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According to TipRanks, Worthington is a 3-star analyst with an average return of 2.1% and a 50.10% success rate. Worthington covers the Financial sector, focusing on stocks such as Intercontinental Exchange, Blackstone Group, and CME Group.

In addition to J.P. Morgan, 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).

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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