On June 8, Interactive Brokers rose 3.08% in regular trading, trading at $87.0/share, with trading volume of $46.22 million.

The move was driven by continued positive momentum from the company's strong May brokerage metrics and a Goldman Sachs target price upgrade. Interactive Brokers reported May daily average revenue trades (DARTs) of 4.969 million, up 47% year-over-year and 17% month-over-month. Ending client equity reached $937.3 billion, up 49% YoY, while client accounts grew 32% to 4.995 million. Client margin loan balances surged 65% YoY to $100.9 billion.

Additionally, Goldman Sachs raised its price target on the stock from $102 to $109, maintaining a buy rating. The FactSet consensus analyst average target price stands at $89.56, suggesting further upside from current levels. The combination of accelerating client growth, robust trading activity, and favorable analyst sentiment continues to support the stock.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)