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TW

Tradeweb MarketsC
Nasdaq / Financial Services
Last Price
Quote time unavailable
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Current thesis
Tradeweb combines strong Q2 execution with structural electronic-trading adoption: revenue rose 9.0%, ADV rose 18.2%, international revenue rose 13.9%, and adjusted EBITDA margin expanded modestly. AI-enabled workflows and broader asset-class connectivity could support durable growth beyond volatility-driven volume spikes.
Posture
Mixed
Lead driver
Value
What changed
6 setup hits (3d) with net bullish as of 2026-10-23.
What can break
Analyst estimate revisions, rating changes, and post-earnings target changes are unavailable in the packet.
Momentum
90
Value
49
Sentiment
50
Setup hits (3d)
6 · Net Bullish
AI TargetsBase $112.00 · Bull $130.00 · Bear $90.00Analysis 2026-09-03; returns require an exact persisted reference.
Earnings
2026-10-29 · BMO
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-10-23 • Vendor: Data Vendor v1
Scores
As of 2026-10-23 • Model: HYBRID_IC_RP
AI Memo
As of 2026-09-03 • Model: RankAlpha Sentiment Codex
Investment thesis
As of 2026-10-23

Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-10-23. Definitions

Supporting evidence
What
Grade C · Mixed
Confidence Medium · Net Bullish
Target $126.80
Why
Momentum90 · Δ7d +8.6
Value49 · Δ7d -0.6
Sentiment50 · Δ7d -6.8
So what
Balanced signals (Net Bullish). Wait for confirmation before sizing up.

Confirming evidence

  • • 6 setup hits (3d) with net bullish as of 2026-10-23.
  • • Next scheduled catalyst: earnings 2026-10-29 · BMO.
  • • Value remains the lead driver in the composite, 7D delta -0.6.

Contradictions & invalidation

  • • Analyst estimate revisions, rating changes, and post-earnings target changes are unavailable in the packet.
  • • Execution and monetization risk remain for AiEX, TARA, expanded credit workflows, international growth, and digital-asset initiatives.
  • • The stock remains exposed to macro uncertainty, interest-rate and market-activity normalization, and execution risk around AI, credit, digital-asset, and international initiatives.

Catalyst clock

2026-10-29 · BMO

Q2 2026 earnings demonstrated durable platform momentum

Lead driver: Value · See fundamentals
Momentum
90
8% active weight
Current posture
7d trendImproving
Δ7d
+8.6
Δ21d
+32.6
Value
49
47% active weight
Current posture
7d trendFlat
Δ7d
-0.6
Δ21d
-1.1
Sentiment
50
45% active weight
Current posture
7d trendSoftening
Δ7d
-6.8
Δ21d
-30.1
Why this grade

Composite grade C. Momentum 89.7 / Value 48.8 / Sentiment 49.8

Scenario snapshot

Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-09-03. Scenario method

B+
Bull case
25%
Probability
Target price
$130.00
Analysis reference price unavailable
Analysis 2026-09-03 · RankAlpha Sentiment Codex
Most likely
B
Base case
55%
Probability
Target price
$112.00
Analysis reference price unavailable
Analysis 2026-09-03 · RankAlpha Sentiment Codex
B-
Bear case
20%
Probability
Target price
$90.00
Analysis reference price unavailable
Analysis 2026-09-03 · RankAlpha Sentiment Codex
Fundamentals (TTM)
As of 2026-10-23
Market Cap
$28.68B
Beta
0.83
Shares Out
210.97M
P/E (TTM)
37.9
P/S (TTM)
11.82
P/FCF (TTM)
26.52
Rev YoY
+9.0%
EPS YoY
+19.2%
Gross Margin
+88.8%
Op Margin
+43.6%
Net Debt
-$1.95B
Current Ratio
6.23
As of 2026-10-23 • Updated nightlySource: Internal modelMethods & Data