Cboe Global Markets stock faces a target cut after Q2 growth
Published on 10/04/2026 at 23:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Cboe Global Markets (ISIN US12503M1080) closed at USD 271.26 on the NYSE on October 2, 2026, down 2.14 percent from the prior close of USD 277.19. The latest company results showed Q2 2026 net revenue of USD 731.6 million, while Goldman Sachs upgraded its rating but cut its price target from USD 304 to USD 300 on October 2, 2026.
Q2 revenue reached USD 731.6 million
According to Cboe Global Markets in its July 31, 2026 results release, Q2 net revenue increased 25 percent from USD 587.3 million in Q2 2025 to a record USD 731.6 million. Diluted EPS rose 50 percent to USD 3.35, while adjusted diluted EPS increased 45 percent to USD 3.56.
The options business supplied the largest operating contribution. Options net revenue rose 30 percent to USD 473.9 million, and total options average daily volume increased 26 percent in Q2 2026, according to Cboe Global Markets.
Goldman cuts target to USD 300
As Investing.com reported on October 2, 2026, Goldman Sachs upgraded Cboe to Neutral from Sell and lowered its price target from USD 304 to USD 300. The report cited a meaningful de-rating in the stock, while noting that the 2027 EV to EBITDA multiple stood at a 9 percent discount to its three-year average.
Consensus target exceeds the close
MarketBeat listed a Hold consensus based on 3 Buy, 9 Hold and 2 Sell ratings. Its average target was USD 306.73, with a high of USD 354.00 and a low of USD 258.00; the average target stood 13.1 percent above the October 2 closing price.
Cboe also raised its 2026 organic total net revenue growth target to mid to high teens from low double-digit to mid teens, while reaffirming adjusted operating expenses of USD 838 million to USD 853 million. The next quarterly report is scheduled for October 30, 2026, according to ScanX.
Stock closed at USD 271.26
Cboe Global Markets closed at USD 271.26 on October 2, 2026, with volume of 1,150,633 shares and a market capitalization of USD 28.4 billion. The 52-week range was USD 227.15 to USD 371.18, placing the stock below its yearly high while its latest quarterly figures continued to show double-digit growth.
Cboe Global Markets stock facts
- Company: Cboe Global Markets, Inc.
- ISIN: US12503M1080
- Ticker: CBOE
- Trading venue: NYSE
- Price (as of October 2, 2026, 4:00 p.m. ET): USD 271.26, closing price
- Market capitalization: USD 28.4 billion (as of October 2, 2026)
- 52-week range: USD 227.15-371.18 (as of October 2, 2026)
- Sector / Industry: Financial Services / Financial - Data and Stock Exchanges
Upcoming dates for Cboe Global Markets stock
- October 30, 2026: Third-quarter 2026 results
