Is Wall Street Bullish or Bearish on Intercontinental Exchange Stock?

Core Insights - Intercontinental Exchange, Inc. (ICE) has a market cap of $83 billion and operates in market infrastructure, data services, and technology solutions for various entities [1] Performance Overview - ICE has underperformed the broader market, with stock prices declining 1.4% year-to-date and 4.9% over the past 52 weeks, while the S&P 500 Index gained 15.1% in 2025 and 18.5% over the past year [2] - The company also lagged behind the Financial Select Sector SPDR Fund, which saw an 8.5% increase in 2025 and 13.3% over the past 52 weeks [3] Q3 Results - Following the release of mixed Q3 results on October 30, ICE's stock price dropped 1.4% [4] - Exchange revenues fell by 4% year-over-year, while fixed income and data services revenues rose by 5.5%, and mortgage technology revenues increased by 3.7% [4] - Overall topline revenue increased by 2.6% year-over-year to $2.4 billion, slightly missing consensus estimates [4] Earnings Performance - Adjusted EPS increased by 10.3% year-over-year to $1.71, exceeding Street expectations by 5.6% [5] - ICE has generated record revenues and operating income over the past three quarters, returning over $1.7 billion to shareholders through repurchases and dividends [5] Future Outlook - For the full fiscal 2025, analysts expect an adjusted EPS of $6.87, reflecting a 13.2% year-over-year increase [6] - ICE has a strong earnings surprise history, surpassing bottom-line estimates in each of the past four quarters [6] - Among 19 analysts covering ICE, the consensus rating is a "Strong Buy," with 13 "Strong Buys," two "Moderate Buys," and four "Holds" [6] Analyst Ratings - The consensus rating has become slightly more optimistic compared to a month ago, when 12 analysts recommended "Strong Buy" [7] - On October 31, JP Morgan analyst maintained an "Overweight" rating on ICE but reduced the price target from $202 to $180 [7]