01:55 PM EDT, 05/02/2025 (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:

CBOE has done its job as a market hedge with shares outperforming the S&P 500 by 17% YTD. We increase our 12-month target price by $10 to $280 on a P/E of 28.2x our 2026 estimate, a modest premium to the peer average of 26.1x given rapid adoption of CBOE's option products. We increase our 2025 EPS view by $0.56 to $9.72 and raise 2026's by $0.15 to $9.93. CBOE's importance continues to rise and in late January, when the DeepSeek headlines hit the market, CBOE reported record SPX options volumes. This record has since been broken multiple times in April amid tariff uncertainty. With 0DTE options continuing to gain traction and customers looking to hedge headline risk, CBOE is well positioned for record revenue and earnings in 2025. Still, we reduce our opinion to Buy from Strong Buy as shares of CBOE have become more expensive and now trade at a 13% premium to the S&P 500 on a forward P/E basis vs. a 3% discount to start the year.