Why Intercontinental Exchange Rallied Today
Shares of Intercontinental Exchange (NYSE: ICE) rallied Thursday, up 4.5% as of 11:10 a.m. ET.
The company reported earnings today, showing off its resiliency with solid growth and an earnings beat. Intercontinental Exchange's business is composed of exchanges for commodity and financial derivative trading, a fixed-income clearing and data analytics platform, and a mortgage technology business.
As an exchange and technology provider, the company's business model is a nice mix of recurring subscriptions and trading activity, which can grow even in volatile market conditions. That's why 2024 marked the company's 19th straight year of growth.
Source Fool.com
Intercontinental Exchange Inc. Stock
€154.92
0.390%
With 30 Buy predictions and 1 Sell predictions Intercontinental Exchange Inc. is one of the favorites of our community.
With a target price of 174 € there is a slightly positive potential of 12.32% for Intercontinental Exchange Inc. compared to the current price of 154.92 €.
