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 researchers at Piper Sandler began coverage on shares of Miami International (NYSE:MIAX - Get Free Report) in a note issued to investors on Monday,Benzinga reports. The firm set an "overweight" rating and a $39.00 price target on the stock. Piper Sandler's target price suggests a potential upside of 11.40% from the stock's current price.

Other analysts have also recently issued reports about the stock. Rosenblatt Securities started coverage on shares of Miami International in a report on Monday. They set a "buy" rating and a $50.00 price target for the company. Wall Street Zen upgraded shares of Miami International to a "hold" rating in a report on Saturday, August 23rd. Morgan Stanley started coverage on shares of Miami International in a report on Monday. They set an "overweight" rating and a $42.00 price target for the company. Finally, Keefe, Bruyette & Woods started coverage on shares of Miami International in a report on Monday. They set a "market perform" rating and a $37.00 price target for the company. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, Miami International has a consensus rating of "Moderate Buy" and an average target price of $42.00.

Miami International Stock Performance

MIAX stock opened at $35.01 on Monday. Miami International has a 52 week low of $28.63 and a 52 week high of $38.44.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.