Miami International (NYSE:MIAX) Sets New 1-Year High on Analyst Upgrade

Key Points

• Miami International Holdings, Inc. (NYSE:MIAX) hit a new 52-week high of $39.13, with the last trading price at $38.05.
• A consensus rating of "Moderate Buy" has been established among analysts, with a median target price of $40.00.
• Brokerages have issued various ratings, including a "buy" rating from Rosenblatt Securities with a target price of $50.00, while JPMorgan Chase issued a "neutral" rating with a target of $32.00.

Miami International Holdings, Inc. (NYSE:MIAX - Get Free Report)'s share price hit a new 52-week high during trading on Tuesday after Zacks Research upgraded the stock to a hold rating. The stock traded as high as $39.13 and last traded at $38.05, with a volume of 159483 shares changing hands. The stock had previously closed at $37.77.

Other equities analysts have also issued reports about the company. Wall Street Zen upgraded Miami International to a "hold" rating in a research report on Saturday, August 23rd. Rosenblatt Securities started coverage on Miami International in a research report on Monday, September 8th. They set a "buy" rating and a $50.00 price objective on the stock. Piper Sandler started coverage on Miami International in a research report on Monday, September 8th. They set an "overweight" rating and a $39.00 price objective on the stock. JPMorgan Chase & Co. started coverage on Miami International in a research report on Monday, September 8th. They set a "neutral" rating and a $32.00 price objective on the stock. Finally, Raymond James Financial initiated coverage on Miami International in a research report on Monday, September 8th. They set a "market perform" rating on the stock. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $40.00.

Miami International Stock Up 0.2%

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.