Tiger Brokers

BUZZ-Virtu Financial falls after BofA Global Research downgrades to 'neutral'

Reuters
May 15, 2025
BUZZ-Virtu Financial falls after BofA Global Research downgrades to 'neutral'

** Market maker Virtu Financial's VIRT.O shares fall 2% to $41.37 premarket

** BofA Global Research downgrades VIRT to "neutral" from "buy"; maintains PT of $43, which is still 2% upside to stock's last close

** Brokerage says it has become more concerned that volumes could experience meaningful decline in H2 2025

** Says it is particularly concerned with retail channel where volumes could fade following investor losses YTD

** Still, BofA is bullish on market makers long term, given they possess structural competitive advantages vs banks due to their technology and less burdensome regulatory treatment

** 3 of 9 brokerages rate VIRT stock "buy" or higher, 5 "hold" and 1 "sell"; median PT $43.50 - data compiled by LSEG

** As of last close, stock up 18.3% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10