Cboe Global Markets, Inc. (CBOE) Stock Analysis
Financial Services · Financial Data & Stock Exchanges
Hold if already holding. Not a fresh buy at $362.97, but acceptable to hold if already in. Reasons: Concentration risk — Product: options and futures segments (68.0%); Concentration risk — Product: transaction and clearing-based business (74.0%).
Cboe Global Markets operates exchanges and clearing facilities across equities, derivatives, and FX in the US, Europe, and Asia Pacific. Revenue is driven primarily by transaction and clearing fees (74% of revenues less cost of revenues in 2025), with proprietary products... Read more
Hold if already holding. Not a fresh buy at $362.97, but acceptable to hold if already in. Reasons: Concentration risk — Product: options and futures segments (68.0%); Concentration risk — Product: transaction and clearing-based business (74.0%). Chart setup: No recognized chart pattern (not a breakout, bounce, continuation, recovery, falling knife, or range) — technicals mixed. Downgraded from BUY WAIT — price $362.97 has reached target $363.76. No upside to wait for. Score 5.6/10, moderate confidence.
Passes 7/8 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, earnings proximity 72d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.
Recent Developments — Cboe Global Markets, Inc.
Material events (past 30 days)
- May 1, 2026 MEDIUM Item 2.05: Cboe announced additional strategic realignment actions including resource optimization, expected to be substantially completed by end of 2026. Pre-tax restructuring charges of approximately $36-46M expected, primarily for severance payments and related costs.
Latest news
- CBOE Global and CME Group lead S&P 500 industrials movers in Q1 - MSN — MSN neutral
- Cboe to Offer Expanded Trading Hours for Select Equity Options - Traders Magazine — Traders Magazine positive
- Canada’s TMX Group in Talks to Buy Cboe Australia, AFR Says - Bloomberg — Bloomberg positive
- Canada’s TMX Group in Talks to Buy Cboe Australia, AFR Says - Bloomberg.com — Bloomberg.com positive
- Cboe sells Canadian, Australian exchanges to TMX for $300 million - Investing.com — Investing.com positive
Generated 2026-05-20T21:06:21Z.
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHProductoptions and futures segments68%10-K Item 1A: 'In 2025, approximately 68% of our total revenues less cost of revenues were generated by the options and futures segments, the majority of which was generated by products based on exclusively licensed indices (e.g., SPX options) and products based on our proprietary VIX methodology'
- HIGHProducttransaction and clearing-based business74%10-K Item 1A: 'In 2025, approximately 74% of our revenues less cost of revenues were generated by our transaction and clearing-based business. which is heavily oriented towards U.S. index and equity options.'
Material Events(8-K, last 90d)
- 2026-05-01Item 2.05MEDIUMCboe announced additional strategic realignment actions including resource optimization, expected to be substantially completed by end of 2026. Pre-tax restructuring charges of approximately $36-46M expected, primarily for severance payments and related costs.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. Full disclaimer
Rating Breakdown
2 floor-breakers
Priced at a premium — multiples above sector norms. Needs delivery on growth + margins to justify.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $362.97, but acceptable to hold if already in. Reasons: Concentration risk — Product: options and futures segments (68.0%); Concentration risk — Product: transaction and clearing-based business (74.0%). Chart setup: No recognized chart pattern (not a breakout, bounce, continuation, recovery, falling knife, or range) — technicals mixed. Downgraded from BUY WAIT — price $362.97 has reached target $363.76. No upside to wait for. Target $363.76 (+0.2%), stop $284.87 (−27.4%), A.R:R -1.4:1. Score 5.6/10, moderate confidence.
Take-profit target: $363.76 (+21.3% upside). Target $363.76 (+0.2%), stop $284.87 (−27.4%), A.R:R -1.4:1. Stop-loss: $284.87.
Concentration risk — Product: options and futures segments (68.0%); Concentration risk — Product: transaction and clearing-based business (74.0%); Analyst target reached - limited upside remaining.
Cboe Global Markets, Inc. trades at a P/E of 31.3 (forward 25.5). TrendMatrix value score: 3.4/10. Verdict: Hold.
23 analysts cover CBOE with a consensus score of 3.4/5. Average price target: $331.
What does Cboe Global Markets, Inc. do?Cboe Global Markets operates exchanges and clearing facilities across equities, derivatives, and FX in the US, Europe,...
Cboe Global Markets operates exchanges and clearing facilities across equities, derivatives, and FX in the US, Europe, and Asia Pacific. Revenue is driven primarily by transaction and clearing fees (74% of revenues less cost of revenues in 2025), with proprietary products including SPX options and VIX futures being the flagship revenue drivers. The company initiated a strategic realignment in 2025, winding down non-core businesses.