ITG's (ITG) Buy Rating Reiterated at Truist Financial

Key Points

• Truist reiterated its Buy rating on ITG but cut its price target from $14 to $11; from the stock’s $5.54 Friday opening price, that target implies about 98% upside.
• Several analysts have reduced their targets, though most remain positive. MarketBeat reports a “Moderate Buy” consensus and an average target of $12.
• ITG reported a 64% increase in adjusted EBITDA and raised its fiscal 2026 outlook, despite a quarterly loss; revenue guidance was in line with consensus.

ITG (NASDAQ:ITG - Get Free Report)'s stock had its "buy" rating reiterated by Truist Financial in a report released on Friday, Benzinga reports. They currently have a $11.00 price objective on the stock, down from their prior price objective of $14.00. Truist Financial's target price would indicate a potential upside of 98.38% from the company's current price.

A number of other research analysts have also issued reports on ITG. Bank of America dropped their target price on ITG from $16.00 to $13.00 and set a "buy" rating on the stock in a report on Thursday. Citigroup decreased their price target on ITG from $17.00 to $9.00 and set a "buy" rating for the company in a report on Friday, October 23rd. Weiss Ratings started coverage on shares of ITG in a research report on Friday, September 25th. They issued a "sell (e-)" rating on the stock. Robert W. Baird dropped their price objective on shares of ITG from $14.00 to $10.00 and set an "outperform" rating on the stock in a research note on Thursday. Finally, UBS Group started coverage on shares of ITG in a research report on Monday, July 27th. They set a "buy" rating and a $18.00 price objective for the company. Nine investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $12.00.

ITG Stock Performance

Shares of NASDAQ:ITG opened at $5.54 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 one year low of $4.11 and a one year high of $19.26. The company has a 50-day simple moving average of $8.07. The stock has a market capitalization of $688.47 million and a PE ratio of 66.38.

ITG (NASDAQ:ITG - Get Free Report) last posted its quarterly earnings data on Wednesday, November 11th. The company reported $0.22 EPS for the quarter. The company had revenue of $461.53 million for the quarter. As a group, research analysts forecast that ITG will post 0.54 EPS for the current fiscal year.

Hedge Funds Weigh In On ITG

A hedge fund recently bought a new position in ITG stock. State Street Corp acquired a new stake in ITG Inc. (NASDAQ:ITG - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 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.

Key Stories Impacting ITG

Investors following ITG have been watching these stories:

• Positive Sentiment: ITG reported a 64% increase in adjusted EBITDA and raised its fiscal 2026 outlook, a constructive sign despite reporting a quarterly loss. ITG Posts Q3 Loss; Adj. EBITDA Up 64%; Lifts Fiscal 2026 Outlook
• Neutral Sentiment: Fiscal 2026 revenue guidance of $1.6 billion and fourth-quarter revenue guidance of $378 million were in line with consensus estimates. The quarter’s reported revenue was $461.53 million. ITG Q3 2026 earnings results
• Negative Sentiment: Multiple firms lowered their price targets, including Stifel Nicolaus ($9 to $8), Bank of America ($16 to $13), Robert W. Baird ($14 to $10), and Morgan Stanley ($18 to $9). The cuts signal more cautious expectations, although each firm retained a positive rating: buy, outperform, or overweight. Stifel Nicolaus rating Bank of America target Baird target Morgan Stanley target

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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