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.

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