Intercontinental Exchange

ICE · NYSE

$158.57+$0.17 (+0.11%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $158.40

ICE analyst rating

BuyConsensus of 9 analysts over the last 12 months. 67% rate it a buy.

Strong buy0
Buy6
Hold2
Underperform1
Sell0

12-month price target · 17 analysts

Average $190.33 (+20.0% upside)

Low: $164.63
Now: $158.57
High: $243.60

Upgrades and downgrades

The latest rating actions, newest first

ICE analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Wells Fargo	Oct 14, 2026	Maintains	Underweight	$159.00 → $160.00	63%
TD Cowen	Oct 12, 2026	Maintains	Hold	$166.00 → $167.00	53%
Morgan Stanley	Oct 9, 2026	Maintains	Equal-Weight	$163.00 → $173.00	54%
Barclays	Oct 7, 2026	Maintains	Overweight	$182.00 → $189.00	57%
TD Cowen	Oct 5, 2026	Downgrade	Buy → Hold	$177.00 → $166.00	53%
Wells Fargo	Oct 2, 2026	Initiates	Underweight	$159.00	63%
Piper Sandler	Oct 2, 2026	Maintains	Overweight	$190.00 → $195.00	60%
UBS	Jul 31, 2026	Maintains	Buy	$190.00 → $195.00	63%
TD Cowen	Jul 31, 2026	Maintains	Buy	$159.00 → $177.00	53%
Barclays	Jul 31, 2026	Maintains	Overweight	$180.00 → $182.00	57%

The case for and against

Updated Oct 22, 2025

Bull case

Intercontinental Exchange has experienced consistent growth in derivatives trading volumes over the past decade, bolstered by a robust volume environment, particularly within the energy sector, which has shown double-digit organic growth year-over-year. The successful acquisition of Black Knight is expected to enhance ICE's earnings mix by expanding its footprint in the higher-multiple mortgage technology segment, positively impacting overall revenue diversification. As a result of stronger-than-anticipated trading volumes and an optimistic outlook for growth, estimates for ICE's earnings per share have been revised upward, reflecting confidence in the company's future financial performance.

Bear case

Intercontinental Exchange's financial outlook appears negative primarily due to its sensitivity to trading volumes, where any downturn could significantly impact growth prospects and profitability. Recent reports indicate a slight top-line miss driven by revenues from its Exchange and Mortgage Technology segments, suggesting potential challenges in these core operations. Additionally, looming regulatory changes in the U.S. and UK could further threaten the company's profitability, compounding existing financial pressures.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.