Shares of Interactive Brokers Group Inc (NASDAQ: IBKR) have surpassed the average analyst 12-month target price of $121.33, trading at $122.11 per share. This price movement prompts analysts to consider either downgrading the stock based on valuation or raising their target prices in light of positive business developments.
Currently, nine analysts contribute to the average target, with estimates ranging from a low of $100.00 to a high of $152.00, resulting in a standard deviation of $20.056. The consensus indicates eight strong buy ratings and one buy rating, reflecting a positive outlook among analysts.
The average rating for IBKR stands at 1.11 on a scale where 1 represents a strong buy and 5 represents a strong sell, according to data from Zacks Investment Research.
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