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. Stock
€137.36
-0.820%
With 21 Buy predictions and not a single Sell prediction Intercontinental Exchange Inc. is an absolute favorite of our community.
With a target price of 175 € there is a positive potential of 27.4% for Intercontinental Exchange Inc. compared to the current price of 137.36 €.
