Barclays Reiterates Buy, $50 PT on Marex Group (MRX) as Q2 Revenue Jumps 18% on Prime Services

Marex Group (NASDAQ:MRX) is one of the best new stocks to buy right now. On September 9, Barclays analyst Benjamin Budish maintained a Buy rating on Marex Group with a price target of $50. Earlier in August, Marex Group announced very strong financial results for Q2 and H1 2025, with the successful acquisition of the Prime Services business from TD Cowen in late 2023 being a particular highlight.

Marex generated ~$1 billion in H1 revenue, with Q2 revenue increasing 18% year-over-year to make $500.1 million. Agency and Execution revenue increased 59% to $260.8 million due to a strong Securities performance and the ongoing expansion of Prime Services, alongside continued strength in Energy. Clearing revenue increased 12% to $138.8 million due to market volatility, new clients, and the completion of the Aarna Capital Limited acquisition on March 27 this year.

Conversely, Market Making revenue decreased 17% to $57.4 million, as lower revenues in metals compared to a record Q2 2024 more than offset a strong performance in energy. Hedging and Investment Solutions revenue also saw a 9% decrease to $40.7 million as volatility at the start of April 2025 reduced client hedging activity. Marex’s strategic execution included adding geographies and product capabilities.

Marex Group (NASDAQ:MRX) is a financial services platform provider company that provides liquidity, market access, and infrastructure services to clients in the energy, commodities, and financial markets in the UK, the US, and internationally.

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