Piper Sandler Analyst Bullish On Interactive Brokers, Sees 26% Account Growth in 2024
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 17 2024
0mins
Should l Buy IBKR?
Source: Benzinga
- Analyst's Outlook on Interactive Brokers Group: Piper Sandler analyst raised estimates for IBKR following strong second-quarter results, projecting account growth and increased EPS for FY24 and FY25.
- Price Target Updates and Ratings: Barclays increased price target for IBKR shares, while Piper analyst maintained an Overweight rating with a price target of $140; investors can access the stock through ETFs like RUFF and FOVL.
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Analyst Views on IBKR
Wall Street analysts forecast IBKR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IBKR is 81.43 USD with a low forecast of 75.00 USD and a high forecast of 91.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
6 Buy
1 Hold
0 Sell
Strong Buy
Current: 74.590
Low
75.00
Averages
81.43
High
91.00
Current: 74.590
Low
75.00
Averages
81.43
High
91.00
About IBKR
Interactive Brokers Group, Inc. is an automated global electronic broker. The Company custodies and services accounts for hedge and mutual funds, exchange-traded funds (ETFs), registered investment advisors, proprietary trading groups, introducing brokers and individual investors. It specializes in routing orders and executing and processing trades in stocks, options, futures, foreign exchange instruments (forex), bonds, mutual funds, ETFs, precious metals, and forecast contracts on more than 160 electronic exchanges and market centers in 36 countries and 28 currencies around the world. In addition, its customers can use its trading platform to trade certain cryptocurrencies through third-party cryptocurrency service providers that execute, clear and custody the cryptocurrencies. Its trading platforms include IBKR Desktop, IBKR Trader Workstation, IBKR Mobile, IBKR Client Portal and others. Its key product offerings include IBKR Pro, IBKR Lite, and IBKR Universal Account.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Market Growth: The trading volume for Super Bowl bets in prediction markets is expected to reach $3.1 billion, indicating that this emerging market poses a competitive threat to traditional finance and gambling sectors, driving industry transformation.
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- Volume Surge: The company recorded a trading volume of 53.8 million shares, approximately 97% higher than its three-month average of 27.4 million shares, reflecting renewed investor interest in crypto assets.
- Market Dynamics: In the financial services sector, peers Charles Schwab and Interactive Brokers Group also saw stock increases of 3.02% and 7.34%, respectively, indicating a broadening investor interest across retail brokerages that further supported Robinhood's stock price.
- Investor Sentiment: Despite the rebound in cryptocurrency prices, investors remain cautious about whether this short-term volatility can translate into sustained trading activity, leading to increased stock price fluctuations for Robinhood, which reflects the market's heightened focus on trading engagement.
See More
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- Year-to-Date Status: This decline has pushed the index into negative territory for the year.
See More
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- Client Account Growth: By the end of 2025, Interactive Brokers expects to reach 4.4 million customer accounts, reflecting a 32% year-over-year increase, significantly outpacing the overall trading population and indicating a growing market share in stock, options, and crypto trading.
- Commission Revenue Surge: Last quarter, commission revenue rose by 22% year-over-year, while net interest income increased by 20%, showcasing the company's robust performance in the global market and further solidifying its leading position in the industry.
- High Profit Margin Advantage: Interactive Brokers boasts a pre-tax profit margin of 79%, one of the highest globally, attributed to its decades-long investment in automated trading systems that allow for scalable operations with fewer employees, significantly enhancing profitability.
- Long-Term Investment Potential: Although the current P/E ratio stands at 33.2, which appears high, if the company can maintain a 32% annual growth rate in customers, Interactive Brokers' stock is likely to continue appreciating over the next decade, making it a worthwhile long-term investment.
See More
Interactive Brokers Launches Innovative RRIF for Canadian Clients
- Launch of RRIF: Interactive Brokers has introduced the Registered Retirement Income Fund (RRIF) in Canada, providing residents with a flexible retirement fund management solution that complies with government regulations, aimed at enhancing clients' retirement income management efficiency.
- Seamless Conversion Feature: The newly launched RRIF allows clients to convert from existing Registered Retirement Savings Plans (RRSP) without the need to transfer assets, simplifying the management process of retirement funds and enhancing user experience.
- Diverse Investment Products: The RRIF offers a variety of investment products including stocks, options, bonds, and ETFs, enabling clients to efficiently manage their RRIF, RRSP, Tax-Free Savings Account (TFSA), and First Home Savings Account (FHSA) from a single platform, achieving portfolio diversification.
- Low-Cost Trading Advantage: Interactive Brokers provides competitive commissions and no account maintenance fees for low-cost trading, combined with advanced portfolio analytics tools and automated minimum withdrawal calculations, helping clients effectively achieve their retirement and investment objectives.
See More
Interactive Brokers Stock Sees Moderate Gain Following Positive Metrics
- Trading Volume Growth: Interactive Brokers reported a 27% year-over-year increase in daily average revenue trades (DARTs) for January 2026, surpassing December figures by 30%, indicating a significant uptick in market activity that enhances profitability.
- Increase in Client Accounts: The total number of client accounts rose by 32% year-over-year to nearly 4.54 million as of January 2026, demonstrating substantial progress in attracting new customers and solidifying market position.
- Client Equity Growth: Total client equity increased by 38% from January 2025 to exceed $814 billion, reflecting a rise in client wealth that may drive future trading activity and revenue growth for the company.
- Margin Loan Balance Rise: Margin loan balances for clients grew by 35% to nearly $163 billion, indicating heightened demand for leveraged trading, which could lead to increased interest income for the firm.
See More
