MarketAxess Holdings Inc. (MKTX) experienced a significant intraday surge, with its stock price soaring 5.80%. This notable movement occurred during Monday's trading session, reflecting strong investor interest in the electronic trading platform provider.

The sharp increase appears to be driven by recent analyst actions regarding the company. Barclays maintained its Equal-Weight rating on MarketAxess, while adjusting its price target to $178 from $182. Similarly, Deutsche Bank kept its Hold rating but trimmed its price target to $172 from $180. Despite these reductions, both price targets remain above the stock's current trading level, suggesting potential upside and likely contributing to positive market sentiment.

According to analyst data, MarketAxess holds an average rating of overweight with a mean price target of $188.50. The combination of maintained ratings and price targets that continue to imply valuation upside may have provided investors with confidence, leading to the substantial intraday gain.