-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
We raise our target by $6 to $94, applying a forward P/E of 32.3x our 2027 EPS estimate vs. the peer average of 28.3x. We keep our 2026 EPS view at $2.49 and increase 2027's by $0.20 to $2.91. IBKR delivered a strong Q1, achieving record net revenues and commission revenues despite a challenging market environment where major indices declined. The company continued its impressive client acquisition momentum, setting new records for total accounts (+31% Y/Y), client equity (+38%), and client cash balances. Trading activity remained robust, with significant growth in DARTs (+24%) and volumes across all major product classes. We see several emerging catalysts, including the elimination of the Pattern Day Trader rule to boost retail activity, a partnership with Coinbase Derivatives to capture crypto demand, and the long-term opportunity in its burgeoning prediction markets. We like IBKR's deep integration of AI across the firm as a key strategic priority to enhance client tools and improve operational efficiency.