ITG (NASDAQ:ITG) Stock Price Target Lowered at Bank of America

Key Points

• Bank of America cut its ITG price target from $16 to $13 but maintained a Buy rating; the new target implies 142% upside from the share price cited in the report.
• ITG shares traded at $5.37 on Thursday. Analysts’ consensus was Moderate Buy, with an average price target of $12.44.
• The article reports third-quarter revenue of $461.53 million and EPS of $0.22; related company news cited record revenue and Adjusted EBITDA, up 64% year over year, and a raised fiscal 2026 outlook.

ITG (NASDAQ:ITG - Get Free Report) had its target price dropped by analysts at Bank of America from $16.00 to $13.00 in a report released on Thursday, Benzinga reports. The firm currently has a "buy" rating on the stock. Bank of America's target price suggests a potential upside of 142.13% from the stock's current price.

Several other research analysts have also commented on ITG. Vertical Research initiated coverage on ITG in a research report on Monday, July 27th. They issued a "buy" rating and a $20.00 price target for the company. UBS Group initiated coverage on ITG in a research report on Monday, July 27th. They set a "buy" rating and a $18.00 price objective on the stock. Zacks Research raised ITG to a "hold" rating in a research note on Tuesday, July 28th. Stifel Nicolaus dropped their target price on ITG from $16.00 to $9.00 and set a "buy" rating for the company in a report on Thursday, October 22nd. Finally, Morgan Stanley dropped their target price on ITG from $18.00 to $9.00 and set an "overweight" rating for the company in a report 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 stock has a consensus rating of "Moderate Buy" and an average target price of $12.44.

ITG Stock Performance

Shares of NASDAQ:ITG traded up $0.24 on Thursday, reaching $5.37. The company's stock had a trading volume of 306,384 shares, compared to its average volume of 515,387. ITG has a 52-week low of $4.11 and a 52-week high of $19.26. The company has a market cap of $666.62 million and a P/E ratio of 67.06. The business has a 50-day moving average price of $8.23. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 23.48.

ITG (NASDAQ:ITG - Get Free Report) last posted its earnings results on Wednesday, November 11th. The company reported $0.22 earnings per share for the quarter. The business had revenue of $461.53 million during the quarter. On average, equities research analysts forecast 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 position in ITG stock. State Street Corp purchased a new stake in shares of ITG Inc. (NASDAQ:ITG - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 271,008 shares of the company's stock, valued at approximately $2,107,000. State Street Corp owned about 0.22% of ITG at the end of the most recent quarter.

Key Stories Impacting ITG

Here are a few of the latest stories about ITG:

• Positive Sentiment: ITG reported record third-quarter revenue and Adjusted EBITDA, with Adjusted EBITDA up 64% year over year. The company also lifted its fiscal 2026 outlook, projecting approximately 37% growth in both revenue and Adjusted EBITDA. ITG third-quarter results
• Positive Sentiment: Quarterly results included revenue of $461.53 million and EPS of $0.22. A separate report noted a quarterly loss, but highlighted the improvement in Adjusted EBITDA and the raised fiscal outlook. ITG Q3 loss, EBITDA growth and outlook
• Negative Sentiment: Three firms lowered their price targets: KeyCorp cut its target from $13 to $10, Robert W. Baird from $14 to $10, and Morgan Stanley from $18 to $9. All maintained bullish ratings—overweight or outperform—and their new targets still imply substantial upside from the cited $5.26 share price, but the reductions may weigh on sentiment. KeyCorp ratings, Baird ratings, Morgan Stanley ratings

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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