Keefe, Bruyette & Woods Issues Positive Forecast for Miami International (NYSE:MIAX) Stock Price

Key Points

• Keefe, Bruyette & Woods raised its MIAX price target to $48 from $46 while maintaining a “market perform” rating, implying roughly 5.8% upside. Overall analyst sentiment remains mixed, with an average “hold” rating and a $52 target.
• Miami International reported strong second-quarter results, with revenue up 34.8% year over year to $387.6 million and EPS of $0.48 beating estimates of $0.41. July options trading volume also increased 26.3% year to date, supporting expectations for continued growth.
• MIAX shares were trading near $45.38, with a market capitalization of $4.31 billion and a high valuation near 59 times earnings. Insiders have sold substantial shares recently, although the transactions were made under pre-arranged Rule 10b5-1 plans.

Miami International (NYSE:MIAX - Get Free Report) had its price objective lifted by investment analysts at Keefe, Bruyette & Woods from $46.00 to $48.00 in a report released on Friday,Benzinga reports. The firm presently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' price objective would indicate a potential upside of 5.77% from the company's current price.

A number of other research firms have also recently commented on MIAX. Weiss Ratings upgraded Miami International from a "sell (d+)" rating to a "hold (c)" rating in a research note on Monday, May 11th. JPMorgan Chase & Co. boosted their price objective on shares of Miami International from $41.00 to $45.00 and gave the company a "neutral" rating in a report on Thursday, May 7th. Wall Street Zen downgraded Miami International from a "buy" rating to a "hold" rating in a research report on Sunday, May 17th. Morgan Stanley lifted their price target on Miami International from $50.00 to $53.00 and gave the stock an "overweight" rating in a research report on Friday, July 10th. Finally, Rosenblatt Securities increased their price objective on Miami International from $61.00 to $62.00 and gave the company a "buy" rating in a report on Thursday. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $52.00.

Miami International Trading Down 1.3%

MIAX opened at $45.38 on Friday. Miami International has a 12 month low of $28.63 and a 12 month high of $57.14. The stock has a fifty day moving average price of $41.61 and a 200-day moving average price of $42.93. The firm has a market cap of $4.31 billion and a price-to-earnings ratio of 58.94.

Miami International (NYSE:MIAX - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.07. Miami International had a net margin of 9.70% and a return on equity of 17.98%. The business had revenue of $387.63 million during the quarter. During the same quarter in the prior year, the firm posted $0.48 earnings per share. The business's revenue for the quarter was up 34.8% compared to the same quarter last year. On average, equities research analysts forecast that Miami International will post 1.59 EPS for the current year.

Insider Activity

In other news, EVP Barbara J. Comly sold 44,445 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $45.69, for a total transaction of $2,030,692.05. Following the sale, the executive vice president directly owned 882,984 shares of the company's stock, valued at $40,343,538.96. This represents a 4.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Thomas P. Gallagher sold 70,000 shares of the firm's stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $42.36, for a total value of $2,965,200.00. Following the sale, the chief executive officer owned 1,723,275 shares in the company, valued at $72,997,929. This trade represents a 3.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 682,508 shares of company stock worth $29,673,638. 15.60% of the stock is currently owned by insiders.

Institutional Trading of Miami International

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp acquired a new position in shares of Miami International during the 2nd quarter worth approximately $8,190,000. Focus Partners Advisor Solutions LLC purchased a new stake in Miami International in the 2nd quarter worth $5,081,000. State of Wyoming acquired a new position in Miami International during the second quarter worth $346,000. Handelsbanken Fonder AB acquired a new position in Miami International during the second quarter worth $743,000. Finally, Sapient Capital LLC purchased a new position in Miami International during the second quarter valued at $989,000.

Key Stories Impacting Miami International

Here are the key news stories impacting Miami International this week:

• Positive Sentiment: MIAX reported record second-quarter net revenue of $141.1 million, up 35% year over year. Adjusted diluted EPS of $0.48 exceeded the $0.41 consensus estimate, while adjusted EBITDA climbed 57% to $77 million and the margin expanded to 54%. Miami International Holdings Reports Second Quarter 2026 Results
• Positive Sentiment: July trading data showed multi-list options average daily volume up 26.3% year to date, supporting expectations for continued transaction-based revenue growth. July 2026 Trading Results
• Positive Sentiment: Rosenblatt Securities raised its MIAX price target to $62 from $61 and maintained a “buy” rating. An analyst upgrade also argued that the company’s growth shows no sign of slowing. Rosenblatt Securities price-target update Growth Upgrade
• Neutral Sentiment: Analyst opinion remains mixed despite the target increase: four analysts rate MIAX a Buy and five rate it Hold, with an average target of $52. The stock’s elevated valuation, including a price-to-earnings ratio near 59, could limit upside if growth moderates.
• Negative Sentiment: Executives and directors disclosed sales totaling approximately 127,500 shares worth $5.8 million, including sales by four executive vice presidents and two directors. The transactions were conducted under pre-arranged Rule 10b5-1 plans, and insiders retain substantial holdings, reducing—but not eliminating—the negative signal. MIAX Insider Selling

Miami International Company Profile

Miami International NYSE: MIAX is a U.S. exchange holding company that operates electronic trading venues and provides market infrastructure for listed options and related products. Its primary business activities include operating regulated exchanges, delivering market data feeds, and offering trading technology and connectivity services designed for professional traders, broker-dealers, and market makers. The company focuses on low-latency execution, order matching, and the operational controls required to support high-volume, automated trading strategies in listed derivatives.

Products and services provided by Miami International include fully electronic order matching engines, transmittable market data and feed products, colocation and connectivity solutions, and tools for risk management and regulatory compliance.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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