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Chicago, Illinois-based Cboe Global Markets, Inc. (CBOE) is a derivatives and securities exchange network that delivers cutting-edge trading, clearing, and investment solutions. It is valued at a market cap of $36.9 billion.
This financial company has considerably outperformed the broader market over the past 52 weeks. Shares of CBOE have soared 58% over this time frame, while the broader S&P 500 Index ($SPX) has gained 27.4%. Moreover, on a YTD basis, the stock is up 43.7%, compared to SPX’s 8.8% rise.
Zooming in further, CBOE has also notably outpaced the State Street Financial Select Sector SPDR ETF’s (XLF) 3.5% rise over the past 52 weeks and 5.1% drop on a YTD basis.
On May 1, CBOE surged 9% after its impressive Q1 earnings release. The company's total revenue increased 29% year-over-year to $728.9 million, while its adjusted EPS of $3.70 grew 48% from the year-ago quarter. Looking ahead, management raised its 2026 total organic net revenue growth outlook to the “low double-digit to mid-teens” range, up from its previous expectation of “mid single-digit” growth. Additionally, disciplined cost control enabled the company to lower its full-year 2026 adjusted operating expense guidance to a range of $838 million to $853 million.
For the current fiscal year, ending in December, analysts expect CBOE’s EPS to grow 23.6% year over year to $13.19. The company’s earnings surprise history is promising. It exceeded the consensus estimates in each of the last four quarters.
Among the 18 analysts covering the stock, the consensus rating is a "Hold," which is based on three “Strong Buy,” 12 “Hold,” and three "Strong Sell” ratings.
The configuration is slightly more bearish than a month ago, with four analysts suggesting a “Strong Buy” rating.
On May 1, RBC Capital analyst Ashish Sabadra maintained a “Hold” rating on CBOE and set a price target of $303.
While the company is trading above its mean price target of $324.64, its Street-high price target of $382 implies a 6.3% potential upside.
