ITG (NASDAQ:ITG) Given New $8.00 Price Target at Stifel Nicolaus

Key Points

• Stifel Nicolaus lowered its price target on ITG from $9 to $8 but maintained a Buy rating; the new target implies 50.94% upside from the prior close.
• Analyst targets have been cut by several firms, including KeyCorp and Morgan Stanley. Overall, MarketBeat reports a “Moderate Buy” consensus and an average price target of $12.33.
• ITG reported quarterly revenue of $461.53 million and adjusted EBITDA growth of 64%, while reporting a loss; the company also raised its fiscal 2026 outlook.

ITG (NASDAQ:ITG - Get Free Report) had its price target reduced by stock analysts at Stifel Nicolaus from $9.00 to $8.00 in a report released on Friday, Benzinga reports. The firm currently has a "buy" rating on the stock. Stifel Nicolaus's target price indicates a potential upside of 50.94% from the company's previous close.

ITG has been the subject of several other research reports. KeyCorp dropped their price target on shares of ITG from $13.00 to $10.00 and set an "overweight" rating for the company in a research report on Thursday. UBS Group began coverage on shares of ITG in a research report on Monday, July 27th. They issued a "buy" rating and a $18.00 price objective on the stock. Wall Street Zen downgraded shares of ITG from a "buy" rating to a "hold" rating in a research note on Sunday, October 11th. Morgan Stanley dropped their target price on shares of ITG from $18.00 to $9.00 and set an "overweight" rating for the company in a report on Thursday. Finally, Bank of America cut their target price on ITG from $16.00 to $13.00 and set a "buy" rating on the stock in a research note on Thursday. Nine equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $12.33.

ITG Trading Up 3.3%

Shares of ITG stock opened at $5.30 on Friday. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 23.48. ITG has a fifty-two week low of $4.11 and a fifty-two week high of $19.26. The company has a 50 day moving average of $8.07.

ITG (NASDAQ:ITG - Get Free Report) last issued its earnings results on Wednesday, November 11th. The company reported $0.22 earnings per share (EPS) for the quarter. The firm had revenue of $461.53 million during the quarter. On average, analysts predict that ITG will post 0.54 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in ITG stock. Pictet Asset Management Holding SA bought a new position in ITG Inc. (NASDAQ:ITG - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 659,623 shares of the company's stock, valued at approximately $5,129,000. Pictet Asset Management Holding SA owned 0.53% of ITG at the end of the most recent quarter.

ITG News Roundup

Investors following ITG have been watching these news items:

• Positive Sentiment: ITG said adjusted EBITDA increased 64% and raised its fiscal 2026 outlook. Quarterly revenue was $461.53 million; full-year revenue guidance of $1.6 billion and Q4 guidance of $378 million were in line with consensus. ITG Posts Q3 Loss; Adj. EBITDA Up 64%; Lifts Fiscal 2026 Outlook
• Neutral Sentiment: Despite reducing their targets, Bank of America, Robert W. Baird and Morgan Stanley maintained positive ratings on ITG. Their new targets are $13, $10 and $9, respectively. Bank of America sets new price target Robert W. Baird sets new price target Morgan Stanley sets new price target
• Negative Sentiment: The target reductions are substantial: Bank of America cut its target from $16 to $13, Baird from $14 to $10, Morgan Stanley from $18 to $9, and KeyCorp from $13 to $10. The cuts suggest analysts have lowered their expectations, and ITG’s Q3 was also reported as a loss, despite stronger adjusted EBITDA and the improved outlook.

About ITG

Investment Technology Group, Inc. (ITG) was a financial technology and agency brokerage firm serving institutional investors. Its services included trade execution, execution algorithms, trading analytics and tools designed to help clients manage and evaluate their equity trading. ITG's products included POSIT, an alternative trading system that matched buyers and sellers, and Triton, an execution management system. The company also provided transaction-cost analysis and related research to help clients assess trading performance.

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