
Virtu Financial (VIRT) Stock Forecast & Price Target
Virtu Financial (VIRT) Analyst Ratings
Bulls say
Virtu Financial Inc. has demonstrated strong growth in its Execution Services segment, with reported revenues of $100 million in 3Q24, reflecting a 0.5% increase quarter-over-quarter and an 11% increase year-over-year. This follows a robust performance in the previous quarter, where Execution Services revenue reached $99.5 million, marking a 7% QoQ increase and a 16% YoY rise. Additionally, the company's performance is underpinned by significant year-to-date earnings growth, with EPS estimates for 2024 and 2025 being revised upward to $3.11 and $3.16, respectively, indicating a positive trajectory for the firm's profitability.
Bears say
The analysis of Virtu Financial Inc. indicates a significant negative outlook primarily due to persistent declines in key performance metrics, with average daily net trading income (ANTI) expected to decrease 21% quarter-over-quarter for 3Q24. Furthermore, the company has experienced a continuous decline in annual earnings per share (EPS) over the last three years, with reductions of 20%, 35%, and 39%, respectively. The combined impact of a contraction in spot bitcoin ETF demand and decreased trading volume in SPY options suggests ongoing challenges in sustaining profitability and growth in the current market environment.
This aggregate rating is based on analysts' research of Virtu Financial and is not a guaranteed prediction by Public.com or investment advice.
Virtu Financial (VIRT) Analyst Forecast & Price Prediction
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