Miami International (NYSE:MIAX) Coverage Initiated by Analysts at Rosenblatt Securities

Key Points

• Rosenblatt Securities initiated coverage on Miami International (NYSE:MIAX) with a buy rating and a price target of $50.00, indicating a potential upside of 42.82% from its previous close.
• Other analysts, including Keefe, Bruyette & Woods, and Morgan Stanley, have set target prices of $37.00 and $42.00, respectively, with a consensus rating of Moderate Buy.
• As of Monday, Miami International shares opened at $35.01, having experienced a one-year low of $28.63 and a high of $38.44.

Rosenblatt Securities started coverage on shares of Miami International (NYSE:MIAX - Free Report) in a report issued on Monday, Marketbeat reports. The firm issued a buy rating and a $50.00 target price on the stock.

A number of other brokerages have also issued reports on MIAX. Keefe, Bruyette & Woods assumed 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 target for the company. Morgan Stanley began coverage on shares of Miami International in a research report on Monday, September 8th. They issued an "overweight" rating and a $42.00 price target on the stock. Finally, Wall Street Zen upgraded Miami International to a "hold" rating in a report on Saturday, August 23rd. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Miami International presently has an average rating of "Moderate Buy" and a consensus target price of $40.00.

Miami International Stock Performance

NYSE MIAX traded up $0.08 during mid-day trading on Monday, hitting $37.47. The company's stock had a trading volume of 408,492 shares, compared to its average volume of 1,103,331. Miami International has a 52-week low of $28.63 and a 52-week 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.