CBOE trades 17.9% below Wall Street's consensus target of $317.00.
Last 12 months price action with 12-month analyst target path
The base valuation assumes CBOE achieves its forward estimates and maintains a stable P/E multiple of 19.2x. This scenario reflects the blended consensus of 31 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of September 24, 2026, Cboe Global Markets, Inc. (CBOE) has a Wall Street consensus price target of $317.00, based on estimates from 31 covering analysts. With the stock currently trading at $268.87, this represents a potential upside of +17.9%. The company has a market capitalization of $28.14B.
Analyst price targets range from a low of $258.00 to a high of $356.00, representing a 31% spread in expectations. The median target of $320.00 aligns closely with the consensus average.
The current analyst consensus rating is Hold, with 14 analysts rating the stock as a Buy or Strong Buy,13 rating it Hold, and 4 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, CBOE trades at a trailing P/E of 25.8x and forward P/E of 19.2x. The forward PEG ratio of 0.98 suggests the stock may be undervalued relative to its growth. Analysts expect EPS to grow +8.6% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $393.49, with bear and bull scenarios of $247.90 and $518.47 respectively. Model confidence stands at 51/100, reflecting moderate uncertainty in projections.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 CMECME Group Inc. | $97.4B | $270.80 | $299.00 | +10.4% | Hold | 22.1x | 37 |
 ICEIntercontinental Exchange, Inc. | $88.2B | $156.35 | $184.50 | +18.0% | Buy | 19.3x | 36 |
 NDAQNasdaq, Inc. | $53.3B | $95.44 | $113.40 | +18.8% | Buy | 23.1x | 36 |
 MKTXMarketAxess Holdings Inc. | $5.8B | $163.71 | $142.50 | -13.0% | Hold | 20.6x | 24 |
 MSCIMSCI Inc. | $40.4B | $555.70 | $701.71 | +26.3% | Buy | 28.2x | 27 |
 SPGIS&P Global Inc. | $119.8B | $406.50 | $512.25 | +26.0% | Buy | 22.7x | 28 |
 TWTradeweb Markets Inc. | $21.3B | $100.23 | $135.50 | +35.2% | Buy | 24.9x | 28 |
 BGCBGC Group, Inc | $5.7B | $12.10 | $11.50 | -5.0% | Buy | 8.6x | 2 |
 VIRTVirtu Financial, Inc. | $4.6B | $53.01 | $63.33 | +19.5% | Hold | 7.4x | 13 |
 GSThe Goldman Sachs Group, Inc. | $288.4B | $936.36 | $1202.33 | +28.4% | Hold | 13.3x | 55 |
Quick answers to the most common questions about buying CBOE stock.
Cboe Global Markets, Inc. (CBOE) has a consensus 12-month price target of $317, implying 17.9% upside from $268.87. The 31 analysts covering CBOE see moderate appreciation potential.
CBOE has a consensus rating of "Hold" based on 31 Wall Street analysts. The rating breakdown is mixed, with 13 Hold ratings making up the largest segment. The consensus 12-month price target of $317 implies 17.9% upside from current levels.
With a forward P/E of 19.187x, CBOE trades at a relatively low valuation. The consensus target of $317 implies 17.9% appreciation, suggesting meaningful undervaluation.
The most bullish Wall Street analyst has a price target of $356 for CBOE, while the most conservative target is $258. The consensus of $317 represents the median expectation. Our quantitative valuation model projects a bull case target of $518 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
CBOE is heavily covered by Wall Street, with 31 analysts providing price targets and ratings. Of these, 2 have Strong Buy ratings, 12 have Buy ratings, 13 recommend Hold, and 4 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month CBOE stock forecast based on 31 Wall Street analysts shows a consensus price target of $317, with estimates ranging from $258 (bear case) to $356 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $393, with bear/bull scenarios of $248/$518.
Our quantitative valuation model calculates CBOE's fair value at $393 (base case), with a bear case of $248 and bull case of $518. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 51/100.
CBOE trades at a forward P/E ratio of 19.2x based on next-twelve-months earnings estimates compared to a trailing P/E of 25.8x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are optimistic on CBOE, with a "Hold" consensus rating and $317 price target (17.9% upside). 14 of 31 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
CBOE analyst price targets range from $258 to $356, a 31% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $317 consensus represents the middle ground. Our model's $248-$518 range provides an independent fundamental perspective.
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