MarketAxess (MKTX): From Q2 Detractor to Buyout Target at $167 per Share
Heartland Advisors, an investment management company, released its third-quarter 2026 investor letter for “Heartland Mid Cap ...
Model output · Signal date 2026-10-14
Marketaxess Holdings Inc (MKTX) Stock Forecast Oct. 14, 2026
Analysis updated on Oct. 14, 2026 (UTC) · Alpha · vs marketSwitch to Total · Nasdaq
Rating · 90D
▼ Bearish
Exact rating locked
90-day forecast
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30-day forecast
Alpha
Rank in coverage
Bottom 35%
of 5379 stocks scored
Rank correlation · 90D
n/a
No per-ticker sample yet
Market Cap
$5.79B
mid-cap · #12 of 21 peers
Summary
Marketaxess Holdings Inc (MKTX) stock forecast summary
Our AI ranks Marketaxess Holdings Inc outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
Marketaxess Holdings Inc is a mid-cap company with a market capitalization of $5.79B. It ranks number 12 by market capitalization among the 21 Security Brokers, Dealers & Flotation Companies issuers in our coverage with a current forecast. Its Net Margin of 35.2% is the highest of the 16 peers that report one.
A per-ticker accuracy statistic for MKTX is published only once its sample size is known. Across our coverage, the out-of-sample test on 4537 stocks from 2025-01-06 to 2026-06-09 produced a positive net return in 73.7% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +1.3%, buy ≥ +0.5%, sell < -0.5%, strong sell < -1.6% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-13 signals)
A free account shows the exact forecast, rating and rank of 3 tickers you follow, MKTX included.
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MKTX price chart and AI forecast
Cross-section · 2026-10-13
How MKTX ranks among 5379 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Fundamentals
Marketaxess Holdings Inc (MKTX) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Security Brokers, Dealers & Flotation Companies peers listed below that report each metric.
Valuation & Market
| Metric | MKTX | Rank |
|---|---|---|
| Market Cap | $5.79B | 12/21 |
| P/E Ratio | 18.89x | 3/12 |
| P/B Ratio | 4.67x | 5/17 |
| Dividend Yield | 1.96% | 8/11 |
| EPS | $8.86 | – |
| Book Value/Share | $35.20 | – |
| Revenue/Share | $24.72 | – |
| FCF/Share | $5.52 | – |
Profitability & Margins
| Metric | MKTX | Rank |
|---|---|---|
| ROE | 24.7% | 4/17 |
| ROA | 12.7% | 3/17 |
| Operating Margin | 40.5% | 1/9 |
| Net Margin | 35.2% | 1/16 |
| EBT Margin | 42.2% | 4/21 |
| Tax Rate | 16.3% | – |
Financial Health
| Metric | MKTX | Rank |
|---|---|---|
| D/E Ratio | 0.94x | 17/23 |
| Financial Leverage | 1.96x | 17/23 |
| Interest Coverage | 49.5x | 4/12 |
Cash Flow
| Metric | MKTX | Rank |
|---|---|---|
| Operating Cash Flow | $200M | 11/21 |
| Free Cash Flow | $194M | 8/14 |
| Capital Spending | -$6M | 5/14 |
| OCF Growth YoY | -50.5% | 10/15 |
| FCF Growth YoY | -51.5% | 7/11 |
| FCF/Sales | 22.3% | 4/14 |
| CapEx/Sales | 0.7% | 10/14 |
Operational Efficiency
| Metric | MKTX | Rank |
|---|---|---|
| Asset Turnover | 0.36x | 8/20 |
| Receivables Turnover | 6.5x | 8/9 |
| Fixed Assets Turnover | 7.8x | 15/16 |
| Days Sales Outstanding | 56 days | 2/9 |
Income Statement
| Metric | MKTX | Rank |
|---|---|---|
| Total Revenue | $870M | 15/21 |
| Operating Income | $352M | 2/9 |
| Net Income | $306M | 8/16 |
Dividend & Shareholder Information
| Metric | MKTX | Rank |
|---|---|---|
| Dividends Per Share | $3.22 | – |
| Payout Ratio | 36.3% | 4/10 |
| Shares Outstanding | 35M | – |
Balance Sheet Highlights (USD millions)
| Cash & Short-term Investments | $246M | 10.2% of assets |
| Accounts Receivable | $134M | 5.6% of assets |
| Total Liabilities | $1.17B | 48.5% of assets |
Quarterly Financial Reports
MKTX quarterly financials and insider trading
Industry Peers · Security Brokers, Dealers & Flotation Companies
Marketaxess Holdings Inc (MKTX) industry peers
Companies classified under the same SEC industry code as Marketaxess Holdings Inc (Security Brokers, Dealers & Flotation Companies): 27 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| MKTX Marketaxess Holdings Inc | ▼ | $5.79B |
| MS Morgan Stanley | ▶ | $293.13B |
| GS Goldman Sachs Group Inc | ▶ | $259.70B |
| HOOD Robinhood Markets, Inc. | ▲ | $99.37B |
| IBKR Interactive Brokers Group, Inc. | ▶ | $39.82B |
| RJF Raymond James Financial Inc | ▼ | $30.52B |
| NMR Nomura Holdings Inc | ▼ | $27.79B |
| SEIC Sei Investments Co | ▶ | $12.60B |
| SF Stifel Financial Corp | ▶ | $10.52B |
| JEF Jefferies Financial Group Inc. | ▲ | $9.12B |
| VIRT Virtu Financial, Inc. | ▶ | $8.81B |
| GLXY Galaxy Digital Inc. | ▲ | $7.70B |
| PIPR Piper Sandler Companies | ▶ | $4.51B |
| WT Wisdomtree, Inc. | ▲ | $3.37B |
| MIAX Miami International Holdings, Inc. | ▶ | $2.93B |
| JSM Navient Corp | ▼ | $1.55B |
| OPY Oppenheimer Holdings Inc | ▶ | $1.15B |
| ACGP Associated Capital Group, Inc. | ▼ | $664M |
| CSHR Coinshares Plc | ▲ | $563M |
| SIEB Siebert Financial Corp | ▲ | $91M |
| COHN Cohen & Co Inc. | ▲ | $34M |
| DOMH Dominari Holdings Inc. | ▶ | N/A |
| ETOR Etoro Group Ltd. | ▶ | N/A |
| FRHC Freedom Holding Corp. | ▼ | N/A |
| GLDI Credit Suisse Ag | ▼ | N/A |
| LGHL Lion Group Holding Ltd | ▼ | N/A |
| MTC Mmtec, Inc. | ▼ | N/A |
Where MKTX sits on the market map
Finance · Security Brokers, Dealers & Flotation Companies
News
Marketaxess Holdings Inc (MKTX) stock news
MarketAxess Holdings Inc. (MKTX) Presents at Morgan Stanley US Financials Conference 2026 Transcript
All right. We're on. Good afternoon, everyone. Thanks for staying with us here on day one of Morgan Stanley Financials Conference. I'm Mike Cyprys, equity analyst covering brokers, asset managers and ...
MarketAxess Holdings Inc. (MKTX) Presents at Piper Sandler Global Exchange and Fintech Conference Transcript
All right, everyone. Next up, we're joined by Chris Concannon, who's the CEO of MarketAxess, a leading electronic platform for fixed income. Chris has led the company since 2023 after serving as ...
FAQ
Marketaxess Holdings Inc (MKTX) stock forecast FAQ
What is the Marketaxess Holdings Inc (MKTX) stock forecast?
Our AI ranks Marketaxess Holdings Inc outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
How accurate are Marketaxess Holdings Inc stock predictions?
A per-ticker accuracy statistic for MKTX is published only once its sample size is known. Across our coverage, the out-of-sample test on 4537 stocks from 2025-01-06 to 2026-06-09 produced a positive net return in 73.7% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Marketaxess Holdings Inc forecasts updated?
Marketaxess Holdings Inc forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 14, 2026.
Which companies are Marketaxess Holdings Inc's industry peers?
27 issuers in our coverage, MKTX included, share the SEC industry code Security Brokers, Dealers & Flotation Companies. The largest are: Morgan Stanley (MS), Goldman Sachs Group Inc (GS), Robinhood Markets, Inc. (HOOD), Interactive Brokers Group, Inc. (IBKR), Raymond James Financial Inc (RJF), Nomura Holdings Inc (NMR).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.