Movement Alert|Interactive Brokers Intraday Rise 3.08%, Jefferies Raises Price Target and Strong Client Metrics Boost Sentiment

Market Focus
Oct 06

On October 6, Interactive Brokers rose 3.08% in regular trading to $91.795 per share, with turnover of $90.391 million. The advance followed a series of supportive analyst actions and robust operating data. Jefferies lifted its price target to $110 from $108 while maintaining a buy rating, and Goldman Sachs reiterated a buy rating with a lowered target of $111 from $113. September operating metrics showed daily average revenue trades up 6% year-over-year to 4.111 million, ending client equity up 27% to $964.7 billion, and client accounts up 35% to 5.576 million. Within the investment banking and brokerage industry, XP Inc. rose 3.94%, Goldman Sachs gained 0.84%, and Morgan Stanley added 0.74%, while Robinhood slipped 0.34% and Charles Schwab fell 0.97%.

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