Miami International (NYSE:MIAX) Sets New 12-Month High - Time to Buy?

Key Points

• Miami International Holdings, Inc. (NYSE: MIAX) reached a new 52-week high of $39.56 during trading, showing strong investor interest with a recent trading volume of 44,671 shares.
• Several analysts have issued ratings on MIAX, including a "negative" rating from JPMorgan Chase with a target price of $32.00, while Zacks Research and Wall Street Zen upgraded it to a "hold" rating.
• The stock boasts an average rating of "Moderate Buy" among analysts with a consensus price target of $40.00, indicating optimism about the company's future performance.

Shares of Miami International Holdings, Inc. (NYSE:MIAX - Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as $39.56 and last traded at $39.27, with a volume of 44671 shares. The stock had previously closed at $38.02.

Analyst Upgrades and Downgrades

A number of analysts recently commented on MIAX shares. Piper Sandler started coverage on Miami International in a research note on Monday, September 8th. They issued an "overweight" rating and a $39.00 price target for the company. Raymond James Financial began coverage on Miami International in a research note on Monday, September 8th. They issued a "market perform" rating for the company. Keefe, Bruyette & Woods began coverage on Miami International in a report on Monday, September 8th. They issued a "market perform" rating and a $37.00 price objective for the company. William Blair began coverage on Miami International in a report on Monday, September 8th. They issued an "outperform" rating for the company. Finally, Zacks Research upgraded Miami International to a "hold" rating in a report on Tuesday, September 9th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Miami International has a consensus rating of "Moderate Buy" and an average price target of $40.00.

Miami International Stock Down 1.7%

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.