Miami International (NYSE:MIAX) Earns Overweight Rating from Analysts at Piper Sandler

Key Points

• Analysts at Piper Sandler have initiated coverage of Miami International, assigning an "overweight" rating with a target price of $39.00, indicating a potential upside of 11.40% from the current stock price.
• Other firms, including Rosenblatt Securities and Morgan Stanley, have also initiated coverage with higher target prices, suggesting a consensus rating of "Moderate Buy" with an average target price of $42.00.
• Miami International's stock opened at $35.01 on Monday, with a 52-week low of $28.63 and a high of $38.44.

Equities research analysts at Piper Sandler began coverage on shares of Miami International (NYSE:MIAX - Get Free Report) in a report released on Monday, Marketbeat Ratings reports. The brokerage set an "overweight" rating and a $39.00 price target on the stock. Piper Sandler's target price would indicate a potential upside of 4.08% from the company's previous close.

A number of other research firms have also recently weighed in on MIAX. Wall Street Zen raised Miami International to a "hold" rating in a report on Saturday, August 23rd. Keefe, Bruyette & Woods began coverage on Miami International in a report on Monday, September 8th. They set a "market perform" rating and a $37.00 price target for the company. Morgan Stanley began coverage on Miami International in a report on Monday, September 8th. They set an "overweight" rating and a $42.00 price target for the company. Finally, Rosenblatt Securities began coverage on Miami International in a report on Monday, September 8th. They set a "buy" rating and a $50.00 price target for the company. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $40.00.

Miami International Trading Up 0.2%

NYSE:MIAX traded up $0.08 during trading hours on Monday, reaching $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 one year low of $28.63 and a one year high of $39.13.

About Miami International

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.