Wells Fargo Initiates Coverage of Interactive Brokers Group at Overweight
Fintel reports that on October 2, 2026, Wells Fargo initiated coverage of Interactive Brokers Group (NASDAQGS:IBKR) (XTRA:KY6) with a Overweight recommendation.
Interactive Brokers Group, Inc., based in the United States, operates in the financial services industry, primarily focusing on electronic brokerage services. Established in 1978, the corporation has pioneered developments in electronic trading technology and has increasingly offered its advanced trading platforms to both institutional and retail clients globally. The company's continual investment in technology has positioned it as a leader in automated trade execution, catering to high-frequency traders, hedge funds, and other sophisticated investors.
Prior to this rating action, the stock closed at $85.81 on October 1, 2026. This price represents a one-week price change of -4.46% from a baseline close of $89.82 on September 24, 2026. Over a one-month period, the stock registered a price change of -5.07% from a baseline close of $90.39 on September 1, 2026.
As of September 15, 2026, the current consensus target mean for the company is $108.02, and the current consensus target median is $111.18. This current mean target represents an implied change of +25.89%. The prior consensus target mean was $108.44 as of August 28, 2026, which indicates a consensus target revision of -0.38%.
In the recommendation period of September 1, 2026, the analyst consensus included 6 strong buy, 11 buy, 4 hold, 0 sell, and 0 strong sell recommendations, totaling 21. This distribution represents 81.0% positive, 19.0% hold, and 0.0% negative recommendations. In the prior period of August 1, 2026, the total of 20 recommendations consisted of 6 strong buy, 11 buy, 3 hold, 0 sell, and 0 strong sell ratings, representing 85.0% positive, 15.0% hold, and 0.0% negative recommendations. Previously, Goldman Sachs maintained a Buy rating on September 2, 2026.
Interactive Brokers Group reported its latest earnings on July 21, 2026, with an actual EPS of 0.69 against an estimate of 0.651, representing a surprise of +5.99%. Actual revenue reached $1,896,000,000.00, compared to the estimated $1,796,680,632.00. The company's upcoming earnings report is scheduled for October 15, 2026, during the amc session.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| October 2, 2026 | Wells Fargo | Overweight | initiated coverage | |
| September 2, 2026 | Goldman Sachs | Buy | Buy | maintained |
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This story originally appeared on Fintel.