MKTX trades 12.8% above Wall Street's consensus target of $142.50.
Last 12 months price action with 12-month analyst target path
The base valuation assumes MKTX achieves its forward estimates and maintains a stable P/E multiple of 20.6x. This scenario reflects the blended consensus of 24 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of September 23, 2026, MarketAxess Holdings Inc. (MKTX) has a Wall Street consensus price target of $142.50, based on estimates from 24 covering analysts. With the stock currently trading at $163.43, this represents a potential downside of -12.8%. The company has a market capitalization of $5.75B.
Analyst price targets range from a low of $128.00 to a high of $167.00, representing a 27% spread in expectations. The median target of $132.00 differs from the mean, suggesting potential outlier estimates.
The current analyst consensus rating is Hold, with 2 analysts rating the stock as a Buy or Strong Buy,19 rating it Hold, and 3 rating it Sell or Strong Sell. The bearish sentiment suggests caution about the stock at current levels.
From a valuation perspective, MKTX trades at a trailing P/E of 24.5x and forward P/E of 20.6x. 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 $148.49, with bear and bull scenarios of $93.55 and $195.65 respectively. Model confidence stands at 52/100, reflecting moderate uncertainty in projections.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 TWTradeweb Markets Inc. | $21.2B | $99.74 | $135.50 | +35.9% | Buy | 24.8x | 28 |
 ICEIntercontinental Exchange, Inc. | $86.2B | $152.93 | $184.50 | +20.6% | Buy | 18.9x | 36 |
 CMECME Group Inc. | $96.1B | $267.21 | $299.00 | +11.9% | Hold | 21.8x | 37 |
 CBOECboe Global Markets, Inc. | $27.9B | $266.83 | $317.00 | +18.8% | Hold | 19.0x | 31 |
 NDAQNasdaq, Inc. | $52.8B | $94.50 | $113.40 | +20.0% | Buy | 22.9x | 36 |
 BGCBGC Group, Inc | $5.8B | $12.27 | $11.50 | -6.3% | Buy | 8.7x | 2 |
 VIRTVirtu Financial, Inc. | $4.7B | $54.49 | $63.33 | +16.2% | Hold | 7.6x | 13 |
 LPLALPL Financial Holdings Inc. | $24.6B | $307.50 | $404.20 | +31.4% | Buy | 12.9x | 25 |
 IBKRInteractive Brokers Group, Inc. | $40.9B | $91.88 | $109.60 | +19.3% | Buy | 34.0x | 19 |
 BLKBlackRock, Inc. | $165.3B | $1066.66 | $1337.86 | +25.4% | Buy | 19.0x | 33 |
Quick answers to the most common questions about buying MKTX stock.
MKTX's consensus price target is $142.5, -12.8% below the current price of $163.43. The 24 analysts tracking MKTX see downside risk at present valuations.
MKTX has a consensus rating of "Hold" based on 24 Wall Street analysts. The rating breakdown is leaning bearish, with 3 Sell/Strong Sell ratings. The consensus 12-month price target of $142.5 implies -12.8% downside from current levels.
MKTX trades at a forward P/E of 20.5751x, representing a moderate valuation. With analysts targeting $142.5 (-12.8% implied move), the stock appears close to fair value.
The most bullish Wall Street analyst has a price target of $167 for MKTX, while the most conservative target is $128. The consensus of $142.5 represents the median expectation. Our quantitative valuation model projects a bull case target of $196 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
MKTX is well covered by analysts, with 24 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 2 have Buy ratings, 19 recommend Hold, and 3 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month MKTX stock forecast based on 24 Wall Street analysts shows a consensus price target of $142.5, with estimates ranging from $128 (bear case) to $167 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $148, with bear/bull scenarios of $94/$196.
Our quantitative valuation model calculates MKTX's fair value at $148 (base case), with a bear case of $94 and bull case of $196. 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 52/100.
MKTX trades at a forward P/E ratio of 20.6x based on next-twelve-months earnings estimates compared to a trailing P/E of 24.5x. 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.
Analysts are cautious on MKTX, with 3 Sell ratings and a price target of $142.5 (-12.8% from current price). The "Hold" consensus suggests careful evaluation before buying. 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.
MKTX analyst price targets range from $128 to $167, a 27% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $142.5 consensus represents the middle ground. Our model's $94-$196 range provides an independent fundamental perspective.
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