Is Cboe Global Markets Stock Outperforming the Dow?

Core Insights - Cboe Global Markets, Inc. (CBOE) has a market capitalization of $24.5 billion and is a leading exchange operator in ETP trading, offering diverse trading across multiple asset classes globally [1][2] Company Overview - Cboe operates through six business segments: Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital, providing a wide range of trading, clearing, and data solutions [2] - The company is classified as a "large-cap" stock, fitting the criteria of being valued at $10 billion or more [2] Stock Performance - CBOE shares have declined 8.2% from their 52-week high of $255.27, while over the past three months, shares have risen 3%, underperforming the Dow Jones Industrials Average's 9.5% return [3] - Year-to-date, CBOE stock is up nearly 20%, outperforming the Dow Jones Industrials Average's 8.6% gain, and has returned 11.3% over the past 52 weeks compared to the DOWI's 9.9% increase [4] Recent Financial Results - On August 1, Cboe's shares rose 2.8% following strong Q2 2025 results, with adjusted EPS of $2.46, beating consensus estimates and rising 14.4% year-over-year [5] - Revenues reached a record $587.3 million, up 14% year-over-year, driven by a 19% increase in options revenues and a 30% rise in Europe and Asia Pacific revenues [5] Future Guidance - Cboe expects high single-digit organic net revenue growth and has lowered its expense outlook to between $832 million and $847 million [6] - In comparison, rival Intercontinental Exchange, Inc. (ICE) has seen its stock rise 14.8% year-to-date and 7.7% over the past 52 weeks [6] Analyst Sentiment - Despite the stock's strong performance, analysts maintain a cautious outlook, with a consensus rating of "Hold" from 18 analysts and a mean price target of $246.73, indicating a 5.9% premium to current levels [7]