ITG (NASDAQ:ITG) Price Target Cut to $10.00 by Analysts at KeyCorp

Key Points

• KeyCorp cut its ITG price target from $13 to $10 but maintained an “overweight” rating; the new target implies 88.32% upside from the prior close.
• ITG shares traded at $5.31, near their 12-month low of $4.11. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $12.78.
• ITG reported record third-quarter revenue and adjusted EBITDA, with adjusted EBITDA up 64%, and projected fiscal 2026 revenue and adjusted EBITDA growth of about 37%.

ITG (NASDAQ:ITG - Get Free Report) had its price target dropped by equities researchers at KeyCorp from $13.00 to $10.00 in a research report issued on Thursday, Benzinga reports. The firm currently has an "overweight" rating on the stock. KeyCorp's price target indicates a potential upside of 88.32% from the company's previous close.

Other analysts have also recently issued reports about the company. Vertical Research started coverage on ITG in a research note on Monday, July 27th. They issued a "buy" rating and a $20.00 target price on the stock. Stifel Nicolaus reduced their price target on ITG from $16.00 to $9.00 and set a "buy" rating on the stock in a report on Thursday, October 22nd. Robert W. Baird lowered their price target on ITG from $14.00 to $10.00 and set an "outperform" rating for the company in a research report on Thursday. Wall Street Zen cut ITG from a "buy" rating to a "hold" rating in a report on Sunday, October 11th. Finally, Zacks Research raised ITG to a "hold" rating in a research note on Tuesday, July 28th. Nine research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $12.78.

ITG Price Performance

ITG traded up $0.18 during trading on Thursday, hitting $5.31. 120,091 shares of the stock traded hands, compared to its average volume of 513,303. The company has a market cap of $659.29 million and a price-to-earnings ratio of 64.25. The company has a debt-to-equity ratio of 23.48, a current ratio of 2.80 and a quick ratio of 2.80. The company has a 50-day moving average price of $8.23. ITG has a 12-month low of $4.11 and a 12-month high of $19.26.

ITG (NASDAQ:ITG - Get Free Report) last released its quarterly earnings data 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. As a group, equities analysts predict that ITG will post 0.54 EPS for the current fiscal year.

Institutional Investors Weigh In On ITG

A hedge fund recently bought a new stake in ITG stock. State Street Corp purchased a new position in ITG Inc. (NASDAQ:ITG - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 271,008 shares of the company's stock, valued at approximately $2,107,000. State Street Corp owned 0.22% of ITG as of its most recent SEC filing.

Latest ITG News

Here's some of the latest news about ITG:

• Positive Sentiment: ITG said third-quarter revenue and adjusted EBITDA reached records and exceeded its outlook. Adjusted EBITDA increased 64%, and the company now expects fiscal 2026 revenue and adjusted EBITDA growth of approximately 37%. ITG Q3 2026 results
• Neutral Sentiment: ITG’s fiscal-year revenue guidance of $1.6 billion and fourth-quarter revenue guidance of $378 million were in line with consensus, offering no clear surprise versus expectations.
• Negative Sentiment: Robert W. Baird cut its price target from $14 to $10, while keeping an “outperform” rating. Baird analyst recommendations

ITG Company Profile

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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