10:25 AM EDT, 08/04/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We increase our 12-month target price by $30 to $310 on a forward P/E of 30.2x our 2026 estimate, a premium to the peer average of 27.6x given rapid adoption of CBOE's option products. We decrease our 2025 EPS view by $0.03 to $9.69 and raise 2026's by $0.34 to $10.27. After expanding internationally in recent years, CBOE has made the decision to wind down its Japanese equities business on August 29. Although a bit disappointing, we view the move as prudent given that CBOE's most compelling growth prospects remain concentrated in the U.S. market, where we see substantial runway driven by accelerating adoption and utilization of options contracts. The company's updated guidance underscores this strategic pivot toward capital efficiency, as management reduced adjusted operating expense guidance by $5M to a range of $832M-$847M while simultaneously raising organic net revenue growth expectations to high-single digits from the previous mid- to high-single-digit range, demonstrating disciplined resource allocation.