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

Tipranks - Tipranks - Wed Jun 3, 9:00PM CDT

RBC Capital analyst Ashish Sabadra maintained a Buy rating on Intercontinental Exchange on June 1 and set a price target of $180.00. The company’s shares closed yesterday at $144.96.

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According to TipRanks, Sabadra is a 3-star analyst with an average return of 1.8% and a 51.11% success rate. Sabadra covers the Financial sector, focusing on stocks such as S&P Global, Moody’s, and Intercontinental Exchange.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Intercontinental Exchange with a $199.08 average price target, a 37.33% upside from current levels. In a report released on May 28, Argus Research also reiterated a Buy rating on the stock with a $190.00 price target.

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Based on Intercontinental Exchange’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.67 billion and a net profit of $1.41 billion. In comparison, last year the company earned a revenue of $3.23 billion and had a net profit of $797 million

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