MarketAxess Holdings Inc
MKTX: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$796.00 | Vcbl | Sclprmtll |
Reducing Our Fair Value Estimate for MarketAxess 13% to $305 as Trading Market Share Disappoints
Following a string of weak trading volume reports, we are reducing our fair value estimate for MarketAxess to $305 from $350, which is 44 times our 2023 earnings estimate.