Morgan Stanley Maintains a Hold on Tradeweb Markets (TW), Keeps the PT

Tradeweb Markets Inc. (NASDAQ:TW) is one of the Best NASDAQ Stocks to Buy with Huge Upside Potential. On September 8, Michael Cyprys from Morgan Stanley maintained a Hold rating on Tradeweb Markets Inc. (NASDAQ:TW) with a price target of $149.

The analyst noted that he maintained a Hold rating due to the mixed operational signals from the company. He highlighted that the company’s average daily volumes for August grew by 11% year-over-year. However, this growth is slower compared to the 17% growth in July. In addition, the quarter-to-date volumes are also below both Morgan Stanley’s and consensus forecasts.

Moreover, Cyprus noted that Tradeweb Markets Inc. (NASDAQ:TW) gained market share year-over-year in investment-grade and high-yield credit. However, the month-over-month figures show a decline in market share. Similarly, the credit volumes overall also fell short of expectations. As a result of these mixed results, the analyst remains cautious about the company due to the near-term uncertainties.

Tradeweb Markets Inc. (NASDAQ:TW) operates electronic marketplaces for trading financial assets. Its technology supports multiple asset classes and global markets.

While we acknowledge the potential of TW to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TW and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.