Intercontinental Exchange (ICE), a global operator of financial exchanges and clearing houses, has been attracting attention from various brokerages. StockNews.com recently issued a "hold" rating on ICE shares, while Piper Sandler, Deutsche Bank, and Raymond James have all raised their price targets for the stock. In addition, Citigroup upgraded its rating on ICE shares from "neutral" to "buy." This positive sentiment is reflected in the average rating for ICE shares, categorized as a "Moderate Buy," with a consensus price target of $132.60.
Meanwhile, there have been significant insider sales of ICE stock recently, with Senior Vice President Douglas Foley and President Benjamin Jackson offloading shares. However, these insider sales should be taken into consideration along with the overall positive outlook for the stock.
Institutional investors have also shown interest in ICE, with AXS Investments LLC increasing its holdings and Simmons Bank and Great Lakes Retirement Inc. acquiring stakes in the company.
As of Monday's opening price, ICE shares were valued at $113.75, with a 50-day moving average of $113.64 and a two-hundred day moving average of $108.27.
With a market capitalization of $63.73 billion, Intercontinental Exchange appears to have a promising future in the financial markets.