Miami International (NYSE:MIAX) Reaches New 52-Week High - Still a Buy?

Key Points

• Miami International Holdings, Inc. (NYSE:MIAX) recently reached a new 52-week high, trading up to $39.73.
• Analysts’ ratings are mixed with four maintaining a Buy rating and four a Hold rating, while the consensus target price is set at $40.00.
• Piper Sandler and Morgan Stanley both initiated coverage with positive ratings of "overweight" and target prices of $39.00 and $42.00, respectively.

Miami International Holdings, Inc. (NYSE:MIAX - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $39.73 and last traded at $39.47, with a volume of 743143 shares trading hands. The stock had previously closed at $38.02.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Piper Sandler initiated coverage on shares of Miami International in a research note on Monday, September 8th. They issued an "overweight" rating and a $39.00 price target on the stock. Morgan Stanley initiated coverage on shares of Miami International in a research note on Monday, September 8th. They set an "overweight" rating and a $42.00 target price on the stock. Wall Street Zen raised shares of Miami International to a "hold" rating in a research note on Saturday, August 23rd. JPMorgan Chase & Co. initiated coverage on shares of Miami International in a research note on Monday, September 8th. They set a "neutral" rating and a $32.00 target price on the stock. Finally, Rosenblatt Securities initiated coverage on shares of Miami International in a research note on Monday, September 8th. They set a "buy" rating and a $50.00 target price on the stock. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $40.00.

Miami International Stock Performance

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.

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