Rothschild Downgrades MarketAxess Holdings to 'Hold'

Rothschild lowered its rating on MarketAxess Holdings to 'hold' with a $134 target, a 10.74% upside from the current price.

Key Points

  • Rothschild downgraded MarketAxess Holdings to a 'hold' on June 11, 2026, setting a price target of $134.
  • Rothschild's $134 price target implies 10.74% upside from MarketAxess Holdings Inc.'s ($MKTX) current $121 share price.
  • MarketAxess Holdings trades on NasdaqGS at around $120.89, with a market cap of approximately $4.3 billion.
  • B of A Securities recently upgraded MarketAxess to 'hold' with a $170 target, while UBS maintained a 'buy' rating.

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Rothschild recently adjusted its stance on MarketAxess Holdings Inc. (NasdaqGS: MKTX), lowering the stock's rating to 'hold' with a price target of $134. The change was made on June 11, 2026, by analyst Simon Clinch. MarketAxess shares were trading near $120.89 at the time of the report.

MarketAxess Holdings Inc. Stock Down 25.6%

Shares of MarketAxess Holdings are currently trading around $120.89. The company, which operates on the NasdaqGS, boasts a market cap of about $4.3 billion. It has a P/E ratio of 14.32 and a forward P/E of 13.56, indicating a relatively moderate valuation. The stock's 52-week range has been between $113.29 and $226.64, with a 50-day moving average of $147.77 and a 200-day moving average of $167.67. MarketAxess maintains a robust current ratio of 4.94 and a quick ratio of 4.28, showing strong liquidity.

Recent Earnings

MarketAxess reported revenues of $871.1 million, reflecting a growth rate of 11.9%. The company achieved an EPS of $8.44, with a net margin of 35.53% and a return on equity of 24.30%. The next earnings report is expected on May 7, 2026.

Dividend

MarketAxess offers an annual dividend rate of $3.12, yielding 2.58%. The payout ratio stands at 36.26%, indicating a balanced approach to returning profits to shareholders.

Insider Buying and Selling at MarketAxess Holdings Inc.

Several insiders were active recently at MarketAxess. Nancy Altobello, William Frank Cruger Jr., Jane Chwick, Kenneth Schiciano, and Steven Begleiter each purchased 1,390 shares on June 10, 2026. These transactions were not part of a pre-planned 10b5-1 plan. On the same day, Scott Pintoff, the General Counsel and Secretary, sold 100 shares at an average price of $116.03 under a 10b5-1 plan.

Analysts Set New Price Targets

Alongside Rothschild's downgrade, B of A Securities upgraded MarketAxess to a 'hold' with a $170 target on June 12, 2026. UBS maintained a 'buy' rating with a $215 target on May 11, 2026. The consensus among analysts is a 'buy', with an average target price of $179.45 based on 11 opinions.

About MarketAxess Holdings Inc.

MarketAxess Holdings Inc. provides an electronic trading platform for institutional investors and broker-dealer firms. Headquartered in New York City, the company facilitates trading in various bonds, including U.S. high-grade and high-yield bonds, eurobonds, and municipal bonds. Led by CEO Christopher Concannon, MarketAxess offers automated trading solutions and data services to enhance trading efficiency.

Bottom Line

Rothschild's recent downgrade of MarketAxess Holdings reflects a cautious stance, setting a price target below the current trading level. Investors often track such analyst ratings for potential insights into market sentiment. It's important to remember that these ratings are based on past data and may not reflect current conditions.

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