Interactive Brokers stock gets new Overweight coverage from Wells Fargo

Published on 10/04/2026 at 17:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Interactive Brokers stock reached USD 88.30 on October 2 after a 2.90 percent daily gain. Q2 revenue rose 28.1 percent to USD 1.896 billion.

IBKR, US45841N1072, Illustration mit AI erstellt.

Interactive Brokers stock was last at USD 88.30 on Nasdaq on October 2, 2026, up 2.90 percent from the prior close. Wells Fargo began coverage with an Overweight rating and a USD 102.00 price target on October 2, giving the brokerage a fresh analyst benchmark as its next quarterly report approaches.

New coverage raises the bar

According to Fintel, Wells Fargo initiated coverage on October 2, 2026, with an Overweight recommendation. The report identifies USD 102.00 as its price target, while the same source places the consensus target mean at USD 108.02 and the median at USD 111.18 as of September 15, 2026.

The mean target is 22.33 percent above the October 2 price of USD 88.30. The gap is material, but the market has already moved sharply over the past year, with the stock ranging from USD 58.95 to USD 98.75.

Quarterly growth sets the earnings bar

Interactive Brokers generated USD 1.896 billion in Q2 2026 revenue, up 28.1 percent from the same quarter a year earlier, according to MarketBeat. Diluted EPS was USD 0.69, compared with USD 0.51 in the year-earlier quarter, while the reported result exceeded the USD 0.64 consensus estimate.

The earnings profile matters because net interest income reached USD 1.057 billion in Q2 2026, up from USD 904 million in Q1 2026. That sequential increase of USD 153 million gives investors a concrete measure for judging whether trading activity, margin lending and client cash balances are still supporting growth.

October 15 is the next checkpoint

Interactive Brokers plans to release its Q3 2026 results on October 15, 2026, after the market closes, with a conference call at 4:30 p.m. ET, according to MarketBeat. The published Q3 consensus EPS is USD 0.69, making the October release the next test of the company's earnings trajectory.

Stock remains below its yearly high

At USD 88.30 on Nasdaq on October 2, 2026, Interactive Brokers was 10.58 percent below its USD 98.75 52-week high. Market capitalization was USD 152.6 billion and trading volume was 4,865,631 shares on the same date.