On June 12, Interactive Brokers rose 3.14% in regular trading, trading at $88.225/share, with turnover of $175 million. The stock continues its upward trajectory following multiple positive catalysts in recent sessions.

Goldman Sachs recently raised its target price on Interactive Brokers from $102 to $109 while maintaining a Buy rating, with the FactSet consensus target at $89.56, suggesting further upside from current levels. Additionally, the company announced the launch of commission-free iShares ETFs from BlackRock for eligible investors in the European Economic Area, offering access to over 500 ETFs with a minimum investment of 10 euros through its recurring investment feature. The company also opened SpaceX IPO participation access for qualified clients, further expanding its product offerings.

These developments come on the heels of strong Q1 results, with revenue of $1.669 billion, up 16.96% year-over-year, and net income of $1.171 billion, up 21.47%. The stock has gained 35.83% year-to-date and 64.94% over the past 52 weeks.

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