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Cboe Global Markets

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CBOE Holdings

Cboe Global Markets Inc is a provider of market infrastructure and tradable products, delivers cutting-edge trading, clearing and investment solutions to market participants around the world. The Company is committed to operating a trusted, inclusive world-wide marketplace, and to providing products, technology and data solutions that enable participants to define a sustainable financial future. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives, FX, and digital assets, across North America, Europe, and Asia Pacific.

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Goldman Sachs predicts winners and losers among alternative asset managers, brokers, and traditional managers in 2025, with bold rating adjustments.

2025 Industry Shake-Up: Goldman Highlights KKR, Raymond James, Hamilton Lane

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Interest in Index Options Continue to Grow–Find Out Why

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Cboe Global Markets Inc. (BATS:CBOE) has announced plans to introduce the first-ever cash-settled index optio

Cboe To Launch Cash-Settled Bitcoin Index Options

Solana Chases All-Time Highs With 8% Gain As Whale Deposits $39.85 Million

$SOL

Solana (CRYPTO: SOL) is up 10% on the day and closing in on its all-time high as new Solana spot ETF filings indicate continued institutional intere

Solana Soars 10%, Reaches New All-Time High Market Cap: What Is Going On?

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Cboe Is Helping Lead The Retail Trading Revolution With A New Robinhood Collaboration

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Listed Funds Trust Horizon Kinetics Blockchain Development ETF

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iShares Dow Jones US Broker Dealers Index Fund

Deutsche Bank upgraded CBOE to Buy and raised price target to $222, citing strong revenue growth and market demand for index and volatility options.

Cboe Upgraded To Buy: Deutsche Bank Sees Strong Revenue Growth And Margin Gains Through 2025

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Morgan Stanley downgrades Cboe to Underweight, citing slowing volume growth, premium valuation risks, and limited margin expansion potential.

Cboe Faces Downgrade: Analyst Warns Of Earnings Risks Amid Valuation Concerns And Sluggish Volume

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Cboe Validus S&P 500 Dynamic PutWrite Index ETF

Cboe Global Markets (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>) has outperformed the market over the past 10 years by 1.06% on an annualized basis producing an average annual return of 12.39%. Currently, Cboe Global Markets has a market capitalization of $21.51 billion. 
Buying $100 In CBOE: If an investor had bought $100 of CBOE stock 10 years ago, it would be worth $321.05 today based on a price of $205.44 for CBOE at the time of writing.
<h3>Cboe Global Markets's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1738015211_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In Cboe Global Markets 10 Years Ago Would Be Worth Today

Keefe, Bruyette &amp; Woods analyst Kyle Voigt maintains Cboe Global Markets (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>) with a Market Perform and lowers the price target from $220 to $215.

Keefe, Bruyette & Woods Maintains Market Perform on Cboe Global Markets, Lowers Price Target to $215

Oppenheimer analyst Owen Lau maintains Cboe Global Markets (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>) with a Outperform and lowers the price target from $232 to $218.

Oppenheimer Maintains Outperform on Cboe Global Markets, Lowers Price Target to $218

Barclays analyst Benjamin Budish maintains Cboe Global Markets (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>) with a Equal-Weight and lowers the price target from $220 to $212.

Barclays Maintains Equal-Weight on Cboe Global Markets, Lowers Price Target to $212

Jefferies analyst Daniel Fannon maintains Cboe Global Markets (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>) with a Hold and lowers the price target from $212 to $190.

Jefferies Maintains Hold on Cboe Global Markets, Lowers Price Target to $190

William Blair initiates coverage on Cboe Global Markets (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>) with a Market Perform rating.

Initiation

William Blair Initiates Coverage On Cboe Global Markets with Market Perform Rating

JP Morgan analyst Kenneth Worthington downgrades Cboe Global Markets (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>) from Neutral to Underweight and lowers the price target from $203 to $174.

JP Morgan Downgrades Cboe Global Markets to Underweight, Lowers Price Target to $174

Goldman Sachs is shaking up the 2025 playbook for the capital markets industry. In a note shared Monday, analyst Alexander Blostein, CFA outlined key winners and losers in alternative asset managers, brokers, and traditional managers, <a href="https://www.benzinga.com/analyst-stock-ratings/upgrades">with bold rating adjustments.</a> 
Among the top picks are KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) and Raymond James Financial, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RJF#NYSE">RJF</a>), while Hamilton Lane Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLNE#NASDAQ">HLNE</a>) and Cboe Global Markets, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#NYSE">CBOE</a>) face downgrades.
<h3 class="wp-block-heading">Alternative Managers: The 2024 High-Flyers Face Valuation Concerns</h3>
Alternative asset managers outperformed the S&amp;P 500 by a robust 28% in 2024, surging 51% on average. Yet, lofty valuations and slowing growth expectations may challenge the sector&#8217;s momentum in 2025. 
Some stocks nearly doubled: KKR &amp; Co. Inc. climbed +82%, and StepStone Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STEP#NASDAQ">STEP</a>) was up 79%. At the lower end, Carlyle Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CG#NASDAQ">CG</a>) rose 24%, while Hamilton Lane Incorporated posted a 31% gain.
Despite these massive returns, average price-to-earnings (P/E) multiples for the group expanded over 30% last year, with the 2026 expected P/E standing at a steep 24.5x.
"We think some of the multiple expansion is justified by improving organic FRE [fee-related earnings] growth and a cyclical boost from capital markets activity, but valuations are becoming increasingly prohibitive," Blostein said. 
<h3 class="wp-block-heading">Key Themes Driving Alternative Managers In 2025</h3>
Goldman Sachs indicated three major themes shaping the landscape for alternative managers in 2025:
<ol>
<li>Private Credit Competition: After driving 70% of management fee growth in 2024, private credit faces rising competition and risks of commoditization in direct lending, although demand for private investment-grade credit remains solid.</li>
<li>Retail and Private Wealth Expansion: The retail investor channel will continue to grow, but with increasing competition from scaled players.</li>
<li>Private Equity Revival: Fundraising and realization activity is expected to recover as deal markets normalize, benefiting corporate private equity managers.</li>
</ol>
Among alternative managers, Goldman&#8217;s top buys are KKR &amp; Co. Inc. and TPG Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPG#NASDAQ">TPG</a>) for their robust FRE growth potential.
On the flip side, Hamilton Lane Incorporated was cut to Sell on slowing fee growth, with a target of $139. Blue Owl Capital Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OWL#NYSE">OWL</a>) was downgraded to Neutral on slowing organic growth.
<h3 class="wp-block-heading">Brokers: Recovery In M&amp;A Boosts RJF</h3>
Improved capital markets activity in 2025 could boost deal-making, especially in M&amp;A. 
Raymond James Financial, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RJF#NYSE">RJF</a>) was upgraded from Neutral to Buy, with Goldman setting a $185 price target. Blostein highlighted RJF's $2.5 billion excess capital and strong operating leverage as key growth drivers.
LPL Financial Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LPLA#NASDAQ">LPLA</a>) remains a top pick, while trust banks like The Bank of New York Mellon Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>) and State Street Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>) are well-positioned for balanced growth.
<h3 class="wp-block-heading">Traditional Managers: Stabilizing Or Slowing</h3>
Traditional asset managers show mixed potential. 
Franklin Resources, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEN#NYSE">BEN</a>) was upgraded from Sell to Neutral due to its attractive valuation, including a 6.5% dividend yield and a 14% free cash flow yield. Janus Henderson Group plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JHG#NYSE">JHG</a>) also moved to Neutral on improving performance fees and ETF growth.
On the downside, Affiliated Managers Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMG#NYSE">AMG</a>) was downgraded to Neutral due to deteriorating EBITDA growth. Cboe Global Markets, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#NYSE">CBOE</a>) was cut from Neutral to Sell as growth in SPX and VIX option products stagnated.
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Company</th>
<th>Rating Change</th>
<th>New Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Franklin Resources, Inc. </td>
<td>Sell → Neutral</td>
<td>$22.00</td>
</tr>
<tr>
<td>Janus Henderson Group plc </td>
<td>Sell → Neutral</td>
<td>$45.00</td>
</tr>
<tr>
<td>Affiliated Managers Group, Inc. </td>
<td>Buy → Neutral</td>
<td>$191.00</td>
</tr>
<tr>
<td>Cboe Global Markets, Inc. </td>
<td>Neutral → Sell</td>
<td>$184.00</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Source: Goldman Sachs</figcaption></figure>
Read Next:
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<li><a href="https://www.benzinga.com/25/01/42812603/uber-cfo-highlights-undervalued-stock-while-accelerating-buyback-efforts-through-15-billion-asr-deal">Uber CFO Says Stock Undervalued, Initiates $1.5 Billion Accelerated Stock Buyback</a></li>
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Photo: Shutterstock

Keefe, Bruyette &amp; Woods analyst Kyle Voigt maintains Cboe Global Markets (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>) with a Market Perform and raises the price target from $217 to $220.

Keefe, Bruyette & Woods Maintains Market Perform on Cboe Global Markets, Raises Price Target to $220

Barclays analyst Benjamin Budish downgrades Cboe Global Markets (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>) from Overweight to Equal-Weight and lowers the price target from $230 to $220.

Barclays Downgrades Cboe Global Markets to Equal-Weight, Lowers Price Target to $220

Cboe Global Markets Inc. (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>) has announced plans to introduce the first-ever <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42071163/blackrock-spot-bitcoin-etf-options-on-nasdaq-rack-up-9-figure-trading-volume-in-first-few-hours-seems-very-bullish-says-analyst">cash-settled index options</a> tied to Bitcoin&#8216;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) spot price.
What Happened: These new financial instruments are <a href="https://ir.cboe.com/news/news-details/2024/Cboe-to-Launch-the-First-Cash-Settled-Options-Product-Related-to-Spot-Bitcoin-Beginning-Monday-December-2/default.aspx">scheduled</a> for launch on Dec. 2 and will be based on the Cboe Bitcoin U.S. ETF Index, which tracks a selection of <a href="https://www.benzinga.com/topic/spot-bitcoin-etf">spot Bitcoin exchange-traded funds (ETFs)</a> listed in the United States.
The move is part of a broader trend of integrating cryptocurrency-related securities into traditional financial markets.
This announcement comes shortly after Nasdaq began listing <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42058823/blackrocks-spot-bitcoin-etf-to-open-for-options-trading-heres-why-it-could-be-a-big-deal-for-bitcoin">spot Bitcoin ETF options</a> earlier this week, enabling U.S. investors to use derivatives to speculate on Bitcoin&#8217;s price movements or hedge their existing positions.
Cboe's initiative adds to the growing suite of crypto-related trading products available in the regulated U.S. market.
Historically, the majority of crypto derivatives trading, such as options and futures, has taken place on offshore platforms due to restrictive U.S. regulations. 
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42139601/solana-hits-264-record-high-as-etf-filings-regulatory-optimism-drive-market-momentum">Solana Hits $264 Record High As ETF Filings, Regulatory Optimism Drive Market Momentum</a>
Binance and Deribit, both headquartered outside the U.S., have been the dominant players in this space, offering leveraged trading to their users.
However, the increasing appetite for crypto derivatives in the U.S., coupled with President-elect Donald Trump's <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42122348/trumps-planned-crypto-council-may-oversee-bitcoin-reserve-report">pro-crypto stance</a>, is driving U.S.-based marketplaces to expand their offerings.
Why It Matters: This shift has allowed institutional and retail investors to access new tools for managing risk and amplifying returns.
CME Group, which already offers Bitcoin futures, has reported a significant increase in open interest, reflecting heightened activity from institutional investors. 
This growth has begun to erode Binance's market share. 
Additionally, over-the-counter options trading has emerged as a popular strategy among U.S. institutions seeking to hedge their crypto positions or implement more complex trading strategies.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42138209/microstrategy-trading-at-insane-256-premium-to-bitcoin-holdings-research-shows">MicroStrategy Trading At &#8216;Insane&#8217; 256% Premium To Bitcoin Holdings, Research Shows</a></li>
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Image: Shutterstock

Cboe To Launch First Cash-Settled Spot Bitcoin Index Options On December 2, Expanding Investor Access To Crypto Derivatives

Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) is up 10% on the day and closing in on its all-time high as new Solana spot ETF filings indicate <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40470226/solana-etf-approval-in-2024-has-only-a-6-chance-a-snowballs-chance-in-hell-etf-analyst-say">continued institutional interest.</a>
What Happened: Eleanor Terrett of Fox Business on Thursday tweeted that the SEC is reportedly engaging with issuers interested in launching a Solana spot ETF, with progress being made on S-1 applications, citing <a href="https://x.com/EleanorTerrett/status/1859611713579999366">sources</a> familiar with the matter.
Issuers like <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39598039/vanecks-solana-etf-proposal-dependent-on-trumps-presidential-win-matthew-sigel-confirms">VanEck</a>, 21Shares and Canary Funds have already filed S-1s, while Bitwise recently announced its intent to do so. 
Exchanges like <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39679535/solana-jumps-5-5-as-cboe-files-application-with-sec-to-list-vaneck-21shares-spot-etfs">Cboe Global Markets</a> (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>) are expected to submit 19b4 filings on behalf of these issuers soon, a key step in seeking SEC approval to list these ETFs.
Once filed, the SEC has 240 days to approve or deny the products. However, the filing of the 19b4's does not guarantee an approval by the SEC.
While prior 19b4 filings for similar products were <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40454074/solana-a-security-sec-concerns-reportedly-led-to-pause-in-etf-filing-process">withdrawn</a>, industry optimism is growing due to increased SEC engagement and the potential for a more <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42098407/donald-trump-reportedly-eyeing-the-first-crypto-focused-role-in-the-white-house">pro-crypto regulatory stance </a>under the incoming administration. 
A decision on a Solana ETF could come as early as 2025 and be made by the successor of current SEC Chair Gary Gensler, who <a href="https://www.benzinga.com/government/regulations/24/11/42120607/gary-gensler-to-step-down-as-sec-chair-on-trumps-inauguration-day">announced his resignation</a> effective January 20, 2025.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42046709/raoul-pal-bullish-on-solana-and-memes-dogecoin-does-nothing-does-nothing-and-then-explodes">Raoul Pal Bullish On Solana And Memes: &#8216;Dogecoin Does Nothing, Does Nothing And Then Explodes&#8217;</a>
Trader Notes: Crypto trader Cold Blooded Shiller emphasized that Solana has climbed 35% since his initial recommendation during its consolidation phase. 
After five months of sideways price action within a high-timeframe range, the recent rally has renewed <a href="https://x.com/ColdBloodShill/status/1859613566447354322">his</a> optimism for a $500 price target.
Veteran trader Jacob Canfield pointed out that Solana's current levels are nearing its all-time highs, praising its resilience. 
Despite being declared "dead" numerous times, Solana has surged from $8 to its current levels, proving skeptics wrong.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SOL</a> &#8211; All time highs are so close you can almost taste them. What a run from $8 and being declared &quot;dead&#39; about 5,000 times. <a href="https://t.co/fmHyRpk10c">pic.twitter.com/fmHyRpk10c</a>
&mdash; Jacob Canfield (@JacobCanfield) <a href="https://twitter.com/JacobCanfield/status/1859616013853044899?ref_src=twsrc%5Etfw">November 21, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
DefiLlama data highlights Solana's growing momentum, with its total value locked (TVL) reaching $8.6 billion—the highest since November 2021. Revenue is also at an all-time high, hitting $5.9 million.
Price Action: Solana is up 10% on the day, trading around $256 at the time of writing. It has reached a new all-time high market capitalization of over $120 billion.
Read Next:
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</ul>
Image: Shutterstock

Deutsche Bank analyst Brian Bedell upgraded Cboe Global Markets, Inc. (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>) to Buy from Hold and raised the <a href="https://www.benzinga.com/quote/cboe/analyst-ratings" target="_blank" rel="noreferrer noopener">price target to $222</a>.
The analyst&#8217;s bullish stance reflects their updated outlook that CBOE will sustain strong revenue growth through at least 2025.
Bedell expects continued volatility in equity markets, especially following the U.S. elections, which will likely increase demand for index <a target="_blank" href="https://www.benzinga.com/markets/24/11/41869001/heres-how-trumps-policies-might-shape-the-markets-future" rel="noreferrer noopener">and volatility options and futures</a>.
Additionally, the analyst anticipates organic growth driven by ongoing product innovation and rising adoption of options, particularly with the upcoming launch of index options on Robinhood.
Also, the analyst projects stronger revenue growth to lead to positive operating leverage next year, allowing management to exceed its expectations for operating margin stability, as discussed on the recent third-quarter earnings call.
Notably, this month, the company reported third-quarter adjusted EPS of $2.22, which surpassed the $2.19 estimate, and sales of $532.0 million, beating <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/n41680696/cboe-global-markets-reports-results-for-third-quarter-2024" rel="noreferrer noopener">the expected $530.8 million</a>.
The analyst adds that along with a modest level of share repurchases, this should support high single-digit EPS growth in 2025 and 2026, surpassing their previous forecast of low-to-mid single-digit growth.
Overall, the analyst revised the forecasts for the company, now projecting 8% revenue growth in 2025 and 6% growth in 2026, up from the previous estimates of 6% and 3%, respectively.
Despite robust growth in index product revenue of 55% and 35% in 2022 and 2023, the analyst anticipates index revenue will still grow by at least 10% in 2025, even with challenging comparisons and high volume levels.
Investors can gain exposure to the stock via&nbsp;Listed Funds Trust Horizon Kinetics Blockchain Development ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCDF#NYSE">BCDF</a>) and iShares U.S. Broker-Dealers &amp; Securities Exchanges ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAI#NYSE">IAI</a>).
Price Action: CBOE shares are up 1.88% at $200.56 at the last check Monday.
Photo by Ground Picture on Shutterstock
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Deutsche Bank analyst Brian Bedell upgrades Cboe Global Markets (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>) from Hold to Buy and raises the price target from $212 to $222.

Deutsche Bank Upgrades Cboe Global Markets to Buy, Raises Price Target to $222

Morgan Stanley analyst Michael J. Cyprys downgraded Cboe Global Markets, Inc. (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>) to Underweight from Equal-Weight, <a target="_blank" href="https://www.benzinga.com/quote/CBOE/analyst-ratings" rel="noreferrer noopener">with a price forecast of $199 (unchanged).</a>
The analyst highlights three key concerns that could impact earnings, sentiment, and valuation, leading to their downgrade: decelerating volume growth, limited potential for margin expansion due to management's focus on stability and investments, and a preference for M&amp;A over divestitures, with fewer share repurchases.
The analyst explains that the stock was downgraded due to its premium valuation, which seems to reflect expectations of strong topline growth. However, risks are seen in decelerating volumes and revenue, which could result in earnings disappointments and a contraction in the stock's multiple.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41778433/s-p-500-dow-hit-record-highs-after-trump-win-fear-index-drops-20" rel="noreferrer noopener">S&amp;P 500, Dow Hit Record Highs After Trump Win; Fear Index Drops 20%</a>
Cyprys notes that an improved macroeconomic environment offers fewer catalysts to drive volume growth to new highs, especially after the U.S. election and with a rising likelihood of a soft landing.
The analyst mentions that new initiatives like the Robinhood launch may take time to have a significant impact on volumes.
Additionally, a shift toward single-name options and higher OCC margin requirements present further risks to the growth of index options.
The analyst projects tough comparisons due to a sharp slowdown in index option volume growth, which may bring revenue growth closer to management's medium-term guidance of 5-7%.
However, the stock is priced for stronger growth, in the high single to double digits, similar to the ~11% average seen by CBOE in recent years. While new initiatives could drive growth, the analyst writes that they will take time to materialize.
Price Action: CBOE shares are down 5.49% at $200.52 at the last check Wednesday.
Photo via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40291832/cboe-refiles-application-for-bitcoin-etf-options-signaling-potential-sec-engagement" target="_blank" rel="noreferrer noopener">CBOE Refiles Application For Bitcoin ETF Options, Signaling Potential SEC Engagement</a></li>
</ul>

Morgan Stanley analyst Michael Cyprys downgrades Cboe Global Markets (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>) from Equal-Weight to Underweight and announces $199 price target.

Morgan Stanley Downgrades Cboe Global Markets to Underweight, Announces $199 Price Target

Deutsche Bank analyst Brian Bedell maintains Cboe Global Markets (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>) with a Hold and lowers the price target from $214 to $212.

Deutsche Bank Maintains Hold on Cboe Global Markets, Lowers Price Target to $212

RBC Capital analyst Ashish Sabadra reiterates Cboe Global Markets (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>) with a Sector Perform and maintains $220 price target.

Reiteration

RBC Capital Reiterates Sector Perform on Cboe Global Markets, Maintains $220 Price Target

Barclays analyst Benjamin Budish maintains Cboe Global Markets (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>) with a Overweight and lowers the price target from $239 to $230.


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