TD Cowen lifts target for Cboe Global Markets stock to USD 342.00
Published on 10/17/2026 at 20:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTargets, results and trading
- TD Cowen raised its Cboe Global Markets target to USD 342.00 on October 12, 2026.
- Second-quarter 2026 revenue increased 23.00 percent to USD 1.44 billion.
- Cboe Global Markets stock stood at USD 314.98 on Cboe BZX on October 16, 2026, 2.24 percent above the prior close of USD 308.09.
- Third-quarter 2026 results are scheduled for October 30, 2026.
Cboe Global Markets (ISIN US12503M1080) received a higher target from TD Cowen, which lifted its forecast from USD 334.00 to USD 342.00 on October 12, 2026. The new target stood 8.58 percent above Cboe's USD 314.98 last price on Cboe BZX. Cboe Global Markets stock last traded at USD 314.98 on Cboe BZX on October 16, 2026 at 4:00 p.m. EDT, up 2.24 percent from the USD 308.09 prior close.
Second-quarter revenue reached USD 1.44 billion
Cboe's latest reported quarter delivered a strong operating comparison. In the second quarter of 2026, revenue increased 23.00 percent to USD 1.44 billion, while net income rose 52.00 percent to USD 354.40 million and earnings per share climbed to USD 3.39 from USD 2.23 a year earlier, according to Simply Wall St on October 10, 2026.
Stock range and trading volume
The stock's 52-week range was USD 227.15 to USD 371.18. At USD 314.98, it stood 15.12 percent below the high and 38.67 percent above the low. Trading volume reached 1,156,038 shares on October 16, 2026, versus an average of 1,104,081 shares, a 4.70 percent increase.
Valuation and next reporting date
Cboe's market capitalization was USD 32.9 billion, and its price-to-earnings ratio was 24.55 as of October 16, 2026. The company announced on September 28, 2026 that it would publish third-quarter results before the US market opens on October 30, 2026, with its conference call scheduled for 8:30 a.m. ET, according to Cboe Global Markets.
Analyst expectations provide a second valuation marker. A Yahoo Finance report dated October 15, 2026 cited a consensus target of USD 316.19 from 19 analysts and an adjusted third-quarter earnings-per-share estimate of USD 3.41, up 27.70 percent from USD 2.67 in the prior-year quarter, according to Yahoo Finance.
Comparison with peers
Cboe Global Markets: plus 2.24 percent, P/E 24.55, market capitalization USD 32.9 billion.
CME Group (CME, Nasdaq, USD): plus 1.52 percent, P/E 24.93, market capitalization USD 105.7 billion.
Intercontinental Exchange (ICE, NYSE, USD): plus 1.99 percent, P/E 22.82, market capitalization USD 90.7 billion.
What the target says
TD Cowen's USD 342.00 target places the emphasis on expectations ahead of the October 30 results. The comparison with CME and Intercontinental Exchange also puts Cboe's valuation in a similar earnings-multiple range, while its smaller market capitalization remains a clear structural difference.
Cboe Global Markets market report
- Company: Cboe Global Markets, Inc.
- ISIN: US12503M1080
- Ticker: CBOE
- Primary exchange: Cboe BZX Exchange
- Primary-exchange price as of October 16, 2026, 4:00 p.m. EDT: USD 314.98
- Change versus prior close: plus 2.24 percent
- Prior close: USD 308.09
- Market capitalization: USD 32.9 billion as of October 16, 2026
- 52-week range: USD 227.15-371.18 as of October 16, 2026
- Sector / Industry: Financial Services / Financial - Data and Stock Exchanges
Market context: Market report S&P 500.
