WallStSmart
CBOE

Cboe Global Markets Inc

BATS: CBOE · FINANCIAL SERVICES · FINANCIAL DATA & STOCK EXCHANGES

$300.09
-1.80% today

Updated 2026-04-30

Market cap
$31.80B
P/E ratio
29.14
P/S ratio
6.75x
EPS (TTM)
$10.42
Dividend yield
0.90%
52W range
$210 – $310
Volume
0.9M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Cboe Global Markets Inc (CBOE) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$300.09
Consensus
$271.00
-9.69%
2030 Target
—
—
DCF
—
—
9 analysts:
3 Buy5 Hold3 Sell

Management guidance

No specific revenue targets disclosed by management for 2026-2030 in available earnings calls or investor guidance. CEO commentary focuses on operational initiatives (24/5 equities trading launch Dec 2026, CNBC partnership, new volatility indices, prediction markets) rather than quantified revenue projections. Company provided Q1 2026 revenue-per-contract guidance indicating 'strong growth' but no multi-year revenue targets.

Sources: Management guidance, analyst consensus, sector analysismedium confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$1,130.80
—
Base case (2030)
$695.88
—
Bear case (2030)
$463.92
—

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)
Revenue$3.8B$4.1B$4.7B$4.8B$5.3B$6.0B
Revenue growth—8.5%15.1%3.0%9.7%11.8%
EPS$7.80$8.62$10.64$12.10$13.40$14.90
P/S ratio———12.0x12.0x12.0x
Implied price———$550.91$608.90$695.88

Catalysts & risks

Growth catalysts
+ 24/5 U.S. equities trading on EDGX (targeting Dec 2026 launch) — captures ~$1.1T daily flow from dark pools/foreign exchanges
+ Record options volume momentum — 15.2B contracts traded in 2025; retail participation and 0DTE SPX options driving incremental revenue
+ CNBC partnership (started Apr 6, 2026) — increased options market visibility driving retail engagement and data product adoption
+ Crypto volatility indices (BITVX launch) — new product category leveraging Bitcoin ETF options growth
+ Prediction markets framework expansion — emerging high-margin revenue stream with regulatory tailwinds
+ Global FX and European equities growth — record volumes in March 2026 across multiple segments
Key risks
- 2026 revenue cliff: StockAnalysis data shows FY2026 revenue projected at $2.66B (-43.6% YoY) — represents significant decline from $4.71B FY2025, likely due to analyst model reset or one-time adjustments; must verify against company guidance
- Analyst downgrade trend — multiple downgrades from Buy to Hold/Neutral through 2025-2026; Goldman Sachs maintains Sell rating
- 24/5 equities execution risk — SEC regulatory approval uncertain; clearing system (DTCC) readiness unproven; overnight liquidity fragmentation could limit volume capture
- Fee pressure — increased competition from CME, ICE, NDAQ in derivatives and data; retail trading volatility normalization post-2024-2025 spike
- Crypto market dependency — Bitcoin volatility products represent growing revenue; Bitcoin crash would directly impact BITVX adoption and volatility product demand
- Index partnership concentration — dependency on SPX 0DTE options (major growth driver); potential loss of exclusivity or fee renegotiation risk

Methodology

Cboe Global Markets Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 9 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.