CBOE

Cboe Global MarketsD

Cboe BZX / Financial Services

At close

2026-07-18

Current thesis

The bull case improved after the May 1, 2026 release: Cboe posted record Q1 revenue and EPS, broad-based segment growth, raised organic revenue guidance, and lowered expense guidance while pairing the outlook with additional cost actions [#8-K-2026-05-01]. Secondary post-print coverage indicates upward EPS revisions and at least one bullish target raise, which supports the idea that 2026 earnings power moved higher even after the stock's sharp run.

Posture

Defensive

Lead driver

Sentiment

What changed

Sentiment remains the lead driver in the composite, 7D delta -6.1.

What can break

Execution risk around the strategic realignment is now explicit: expected restructuring charges are roughly $36 million to $46 million, savings timing runs through 2026, and position reductions are subject to local-law consultations in some countries [#8-K-2026-05-01].

Momentum

Value

Sentiment

Setup hits (3d)

— · Net —

AI TargetsBase $305.00 · Bull $360.00 · Bear $255.00

Data freshness

Prices

As of 2026-07-18

Fundamentals

As of 2026-07-17 • Vendor: Data Vendor v1

Scores

As of 2026-07-18 • Model: HYBRID_IC_RP

AI Memo

As of 2026-05-04 • Model: RankAlpha Sentiment Codex

Investment thesis

As of 2026-07-18

Supporting evidence

What

Grade D · Defensive

Confidence Medium · Net —

Target $308.29

Why

Momentum12 · Δ7d +3.1

Value51 · Δ7d +0.1

Sentiment60 · Δ7d -6.1

So what

Weak posture. Prioritize risk control and patience.

Setup hits not loaded

Load setup hits to see net bias and recent triggers.

Load setup hits

Lead driver: Sentiment · See AI snapshot

Momentum

26% active weight

Current posture

7d trendFlat

Δ7d

+3.1

Δ21d

+4.9

Value

39% active weight

Current posture

7d trendFlat

Δ7d

+0.1

Δ21d

+0.7

Sentiment

34% active weight

Current posture

7d trendSoftening

Δ7d

-6.1

Δ21d

-15.9

Why this grade

Composite grade D. Momentum 11.7 / Value 51.2 / Sentiment 59.5

Fundamentals (TTM)

As of 2026-07-17

Market Cap

$28.61B

Beta

0.35

Shares Out

104.65M

P/E (TTM)

27.1

P/S (TTM)

5.71

P/FCF (TTM)

77.50

Rev YoY

+6.5%

EPS YoY

+54.2%

Gross Margin

+51.6%

Op Margin

+29.3%

Net Debt

-$660.2M

Current Ratio

1.39

As of 2026-07-18 • Updated nightlySource: Internal modelMethodology