Tradeweb Markets

TW · NASDAQ

$119.37+$4.67 (+4.07%)TodayMarket closed · Oct 20, 6:36 PM ET

Prev close $114.70

TW analyst rating

BuyConsensus of 10 analysts over the last 12 months. 60% rate it a buy.

Strong buy0
Buy6
Hold4
Underperform0
Sell0

12-month price target · 18 analysts

Average $127.82 (+7.1% upside)

Low: $98.98
Now: $119.37
High: $186.90

Upgrades and downgrades

The latest rating actions, newest first

TW analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Wells Fargo	Oct 14, 2026	Maintains	Overweight	$118.00 → $125.00	63%
TD Cowen	Oct 12, 2026	Maintains	Hold	$98.00 → $107.00	53%
Morgan Stanley	Oct 9, 2026	Maintains	Equal-Weight	$123.00 → $125.00	54%
Barclays	Oct 7, 2026	Maintains	Equal-Weight	$113.00 → $116.00	57%
Wells Fargo	Oct 2, 2026	Initiates	Overweight	$118.00	63%
UBS	Sep 9, 2026	Maintains	Buy	$150.00 → $145.00	63%
JP Morgan	Aug 3, 2026	Maintains	Overweight	$125.00 → $117.00	53%
TD Cowen	Jul 31, 2026	Maintains	Hold	$105.00 → $98.00	53%
Piper Sandler	Jul 31, 2026	Maintains	Neutral	$112.00 → $102.00	60%
Barclays	Jul 31, 2026	Maintains	Equal-Weight	$114.00 → $113.00	57%

The case for and against

Updated Apr 4, 2026

Bull case

Tradeweb Markets reported a significant revenue increase of approximately 17% year-over-year in January, with adjusted average daily revenues rising about 26% when accounting for a one-time revenue benefit and an additional trading day. The company’s overall revenues for the fourth quarter of 2025 reached $521 million, marking a 12% increase year-over-year, while adjusted expenses also grew by 12%, but came in below expectations. Additionally, the firm’s positive financial trajectory is bolstered by an increase in estimated earnings per share for 2026 and 2027, reflecting strong performance indicators and valuable unrealized gains from its cryptocurrency holdings.

Bear case

Tradeweb Markets faces a negative outlook due to the potential for decreased trading volumes, which may adversely impact its growth prospects and short-term profitability. The company operates in a highly regulated environment with significant oversight by the CFTC in the U.S. and under MiFID II in Europe, exposing it to regulatory risks that could lead to increased compliance costs or disruptions to its business model. Additionally, competition from new entrants with superior technology and more favorable pricing strategies may limit Tradeweb's ability to capture market share and hinder future growth in its electronic trading platforms.

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.