Morgan Stanley Begins Coverage on Miami International (NYSE:MIAX)

Key Points

• Morgan Stanley has initiated coverage of Miami International (NYSE:MIAX) with an "overweight" rating and set a price target of $42.00, indicating a potential upside of approximately 20% from its current price.
• Current consensus from analysts reflects a "Moderate Buy" rating, with three analysts recommending a buy and two suggesting a hold.
• Miami International's stock recently opened at $35.01, with the stock having a one-year range of $28.63 to $38.44.

Investment analysts at Morgan Stanley started coverage on shares of Miami International (NYSE:MIAX - Get Free Report) in a research report issued to clients and investors on Monday, Marketbeat.com reports. The brokerage set an "overweight" rating and a $42.00 price target on the stock. Morgan Stanley's target price would indicate a potential upside of 12.09% from the stock's current price.

Separately, Wall Street Zen raised Miami International to a "hold" rating in a report on Saturday, August 23rd. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $40.00.

Miami International Stock Performance

MIAX traded up $0.08 during trading on Monday, hitting $37.47. The stock 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.

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.