ICE

Rating buyAI Memo

Intercontinental Exchange

As of 2026-02-10/Confidence high

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Data freshness

AI Memo

As of 2026-02-10 • Model: RankAlpha Sentiment AI

Decision Panel

Action, confidence, horizon, and decision blockers at a glance.

Action

buy

Confidence

high

Horizon

—

Key catalyst

Quarterly earnings & guidance • 2026-05-11

Expected move: +30%

Biggest risk

Slower trading volumes, missed mortgage-tech synergies, or regulatory/clearing setbacks compress multiples back toward recent lows.

Invalidation

Break below $169 or thesis failure.

What would change my mind?

Continued secular growth in data and clearing, plus successful mortgage-tech integration, drives multiple expansion and material upside to analyst highs.

Research note

Recommendation

buy

Confidence

high

As of

2026-02-10

Base target

$195

p=55%

Bull target

$246

p=25%

Bear target

$169

p=20%

Key bullets

Fast scan of bull, bear, and watch items

BullKey bullets

Quarterly earnings & guidance
Analyst target revisions / upgrades
Mortgage technology (Black Knight) integration / fixed-income data secular growth

BearKey bullets

Failed or delayed mortgage-technology integration
Lower-than-expected trading/clearing volumes
Macroeconomic shock reducing market activity

WatchKey bullets

ANCHOR: {"price": 169.48, "timestamp_utc": "2026-02-09T00:00:00Z", "source": "rankalpha_api_adj_close"} ANALYST_TARGETS_REVIEWED: true Method: scenario targets set directly off the authoritative anchor and calibrated to published analyst spread; base equals the analyst median, bull aligns with available analyst high, bear aligns near the analyst low.

Summary

High-level snapshot

Recommendation

buy

Model confidence

high

Timeframe

Asset

Equity

Trigger

Base case: $195 (p=55%)

Bull/Bear spread: +64% / +13%

Vs latest close: Bull +64% · Base +30% · Bear +13%

Scenario probabilities

Bull Target: $246 (p=25%)Base Target: $195 (p=55%)Bear Target: $169 (p=20%)

Commentary

Market sentiment is broadly constructive with a Buy consensus and median analyst targets ~$194–195, reflecting confidence in data and clearing franchises [#SERP-2] [#SERP-4]. Recent analyst notes and aggregated targets show upside from the current price but a spread of views from low ~169 to high ~245, indicating some dispersion around execution and volumes [#SERP-3].

As of 2026-02-10 • Updated bi-weekly / post-earningsSource: Internal modelMethodology

Analyst Summary

Thesis highlights from the latest analysis

Bull Case

Continued secular growth in data and clearing, plus successful mortgage-tech integration, drives multiple expansion and material upside to analyst highs.

Bear Case

Slower trading volumes, missed mortgage-tech synergies, or regulatory/clearing setbacks compress multiples back toward recent lows.

Drivers

Scannable catalysts and supporting factors

Quarterly earnings & guidance
Analyst target revisions / upgrades
Mortgage technology (Black Knight) integration / fixed-income data secular growth

Human Analyst Targets

External snippets for comparison only; verify at source.

Unverified externalLast fetched 2026-02-10Source quality: external scrape

External snippets are unverified; treat as directional signals only. Always confirm with the original provider.

Inline RA est

Provider

serper

Median (USD)

$195.00

Range (USD)

$168.67 - $245.70

Count

Query: Intercontinental Exchange Inc Common (ICE) analyst consensus price target high low average

Intercontinental Exchange Inc. (NYSE:ICE) Given Consensus ...
Search result #1
ICE has been the topic of a number of analyst reports. Piper Sandler reiterated an "overweight" rating and issued a $195.00 price target (down ...
Extracted: $195.00Open source53 minutes ago
ICE (ICE) Stock Forecast & Price Target - Investing.com
Search result #2
According to projections from 14 analysts, the average 12-month price target for ICE is 194.07, with a high estimate of 234 and a low estimate of 170.
Open source
ICE Stock Forecast - Intercontinental Exchange Inc - Alpha Spread
Search result #3
According to Wall Street analysts, the average 1-year price target for ICE is 196.26 USD with a low forecast of 171 USD and a high forecast of 245.7 USD. What ...
Extracted: $196.26, $171.00, $245.70Open source
Intercontinental Exchange, Inc.: Target Price Consensus and ...
Search result #4
Analysts' Consensus ; Mean consensus. BUY ; Number of Analysts. 15 ; Last Close Price. 169.00USD ; Average target price. 194.07USD ; Spread / Average Target. +14.84%.
Extracted: $169.00, $194.07Open source
Intercontinental Exchange Inc. (ICE) Stock Forecast, Price Targets ...
Search result #5
The average price target is $195.29 with a high forecast of $223.00 and a low forecast of $180.00. The average price target represents a 16.04% change from the ...
Extracted: $195.29, $223.00, $180.00Open source
ICE Analyst Ratings for Intercontinental Exchange Stock - Barchart ...
Search result #6
... Analyst Target Prices. HIGH TARGET. MEAN TARGET. LOW TARGET. 52 WK High. 52 WK Low. Average Analyst Ratings. 3 Mths Ago. Strong Buy. 4.56. Based on 18 analysts.
Open source

Scenarios

Bull Target (Scenario probability)

$246 / p=25% prob

Base Target (Scenario probability)

$195 / p=55% prob

Bear Target (Scenario probability)

$169 / p=20% prob

Price $150 as of 2026-05-27

Nearest Scenario: Bear (∆ 13%)

Targets vs latest close: Bull +64% · Base +30% · Bear +13%

Sentiment & Exposure

Sentiment unavailable: insufficient coverage

Short-term Catalysts

Next few weeks

Quarterly earnings & guidance
2026-05-11
Next quarterly earnings and management guidance can re-price multiples; timing assumed within the next 90 days if not formally published (market watches estimates and guidance) [#YF-earnings].
Prob 70% • Move 6% • Priced-in 50%
Analyst target revisions / upgrades
2026-05-11
Wall Street consensus sits near $194–196 and recent notes show several $195+ targets; upward revisions or reiterated 'buy' notes could drive a ~10–20% move toward consensus [#SERP-2] [#SERP-3] [#SERP-1].
Prob 60% • Move 12% • Priced-in 40%

Long-term Catalysts

Months to a year

Mortgage technology (Black Knight) integration / fixed-income data secular growth
2027-02-10
Medium-term value from mortgage-tech synergies and continued growth in fixed-income data/clearing could drive re-rating over 12+ months; outcome depends on execution and macro volumes [#SERP-5].
Prob 55% • Move 20% • Priced-in 30%

Risks

Failed or delayed mortgage-technology integration
Lower-than-expected trading/clearing volumes
Macroeconomic shock reducing market activity
Regulatory scrutiny of exchange/clearing operations

Peers

Symbol	Summary
CME	Global derivatives exchange with deeper rates/FX liquidity; direct competitive overlap on clearing and data products.
NDAQ	Exchange operator focused on cash equities and listings; competes on market data and technology solutions.
CBOE	Options-focused exchange with complementary derivatives footprint; competes on products and market data services.

Sources

Internal and external references used in this analysis

Model source: RankAlpha Sentiment AI
Human targets: serper
Targets query: Intercontinental Exchange Inc Common (ICE) analyst consensus price target high low average
Analysis date: 2026-02-10

AI Stock Memo: ICE - Intercontinental Exchange - RankAlpha