Why Intercontinental Exchange Rallied Today
Shares of Intercontinental Exchange (NYSE: ICE) rallied Thursday, up 4.5% as of 11:10 a.m. ET.
The company reported earnings today, showing off its resiliency with solid growth and an earnings beat. Intercontinental Exchange's business is composed of exchanges for commodity and financial derivative trading, a fixed-income clearing and data analytics platform, and a mortgage technology business.
As an exchange and technology provider, the company's business model is a nice mix of recurring subscriptions and trading activity, which can grow even in volatile market conditions. That's why 2024 marked the company's 19th straight year of growth.
Source Fool.com
Intercontinental Exchange Inc. Aktie
136,26 €
-0,31 %
Überwältigendes Buy-Interesse für Intercontinental Exchange Inc.: 21 Buy-Einschätzungen ohne eine einzige Sell-Einschätzung.
Ein Kursziel von 175 € für Intercontinental Exchange Inc. könnte zu einer Steigerung von mehr als 20% gegenüber dem aktuellen Kurs von 136.26 € führen.
