Intercontinental Exchange (ICE) Stock: $138 Target And Buy Rating

By Amit Chowdhry ● Jun 20, 2022
  • The shares of Intercontinental Exchange Inc (NYSE: ICE) have received a $138 price target from Argus. These are the details.

The shares of Intercontinental Exchange Inc (NYSE: ICE) have received a $138 price target from Argus. And Argus analyst Kevin Heal is maintaining a “Buy” rating on the shares.

Heal adjusted the rating while noting that the company is benefiting from positive trends in its core data business and seeing a better balance between recurring and transaction revenue, even though it is also posting weaker results in the listings business and will see significant costs for the proposed $13.1 billion acquisition of Black Knight. And Heal also cut the FY22 EPS view on IntercontinentalExchange to $5.54 from $5.71 and the FY23 EPS view to $5.93 from $6.11.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.