Miami International (NYSE:MIAX) Coverage Initiated at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has initiated coverage on Miami International (NYSE:MIAX) with a neutral rating and a price target of $32.00, indicating a potential downside of 9.86% from its current price.
• Other analysts have varied ratings on MIAX, with four giving it a Buy rating and an average target price of $40.00 according to MarketBeat.
• The stock of Miami International is currently trading at $35.50, with a 12-month high of $38.44 and a low of $28.63.

Research analysts at JPMorgan Chase & Co. started coverage on shares of Miami International (NYSE:MIAX - Get Free Report) in a note issued to investors on Monday,Benzinga reports. The brokerage set a "neutral" rating and a $32.00 price target on the stock. JPMorgan Chase & Co.'s target price would suggest a potential downside of 14.60% from the company's previous close.

Several other research analysts have also commented on the company. Piper Sandler initiated coverage on Miami International in a research report on Monday, September 8th. They issued an "overweight" rating and a $39.00 price target for the company. William Blair initiated coverage on shares of Miami International in a research note on Monday, September 8th. They issued an "outperform" rating for the company. Wall Street Zen raised shares of Miami International to a "hold" rating in a research note on Saturday, August 23rd. Raymond James Financial initiated coverage on shares of Miami International in a research note on Monday, September 8th. They issued a "market perform" rating for the company. Finally, Keefe, Bruyette & Woods initiated coverage on shares of Miami International in a research note on Monday, September 8th. They issued a "market perform" rating and a $37.00 price objective for the company. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $40.00.

Miami International Trading Up 0.2%

MIAX traded up $0.08 on Monday, hitting $37.47. The company had a trading volume of 408,492 shares, compared to its average volume of 1,103,331. Miami International has a 12-month low of $28.63 and a 12-month high of $39.13.

Miami International Company Profile

We are a technology-driven leader in building and operating regulated financial marketplaces across multiple asset classes and geographies. Our MIAX Exchanges, MIAX Futures and BSX marketplaces are enabled by our in-house built, proprietary technology. We believe the speed and performance of our proprietary technology coupled with our fully integrated, award-winning customer service, sets us apart from our competitors.