Virtu Financial

VIRT · NYSE

$57.05+$0.54 (+0.96%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $56.51

VIRT analyst rating

HoldConsensus of 4 analysts over the last 12 months. 50% rate it a buy.

Strong buy0
Buy2
Hold1
Underperform1
Sell0

12-month price target · 9 analysts

Average $69.02 (+21.0% upside)

Low: $57.57
Now: $57.05
High: $76.65

Upgrades and downgrades

The latest rating actions, newest first

VIRT analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Morgan Stanley	Oct 9, 2026	Maintains	Underweight	$57.00 → $56.00	54%
JP Morgan	Oct 5, 2026	Upgrade	Neutral → Overweight	$84.00	53%
JP Morgan	Jul 31, 2026	Maintains	Neutral	$59.00 → $61.00	53%
JP Morgan	Jul 28, 2026	Maintains	Neutral	$51.00 → $59.00	53%
Piper Sandler	Jul 15, 2026	Maintains	Overweight	$61.00 → $70.00	60%
Morgan Stanley	Jul 10, 2026	Maintains	Underweight	$39.00 → $57.00	54%
Goldman Sachs	Jun 30, 2026	Maintains	Neutral	$51.00 → $63.00	61%
JP Morgan	Apr 30, 2026	Maintains	Neutral	$44.00 → $51.00	53%
Goldman Sachs	Apr 30, 2026	Maintains	Neutral	$46.00 → $51.00	61%
Morgan Stanley	Apr 10, 2026	Maintains	Underweight	$36.00 → $39.00	54%

The case for and against

Updated Jan 11, 2025

Bull case

Virtu Financial Inc. has demonstrated strong growth in its Execution Services segment, with reported revenues of $100 million in 3Q24, reflecting a 0.5% increase quarter-over-quarter and an 11% increase year-over-year. This follows a robust performance in the previous quarter, where Execution Services revenue reached $99.5 million, marking a 7% QoQ increase and a 16% YoY rise. Additionally, the company's performance is underpinned by significant year-to-date earnings growth, with EPS estimates for 2024 and 2025 being revised upward to $3.11 and $3.16, respectively, indicating a positive trajectory for the firm's profitability.

Bear case

The analysis of Virtu Financial Inc. indicates a significant negative outlook primarily due to persistent declines in key performance metrics, with average daily net trading income (ANTI) expected to decrease 21% quarter-over-quarter for 3Q24. Furthermore, the company has experienced a continuous decline in annual earnings per share (EPS) over the last three years, with reductions of 20%, 35%, and 39%, respectively. The combined impact of a contraction in spot bitcoin ETF demand and decreased trading volume in SPY options suggests ongoing challenges in sustaining profitability and growth in the current market environment.

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.