JP Morgan Raises Tradeweb Markets (TW) Price Target to $136

JP Morgan maintained its Overweight rating on Tradeweb Markets Inc. on October 21, 2026, while raising its price target to $136.00 from $117.00. The research note offered a fresh view on the trading platform operator as Wall Street firms adjust their targets ahead of upcoming financial reports. Tradeweb closed at $120.01 on the day of the announcement.

TW Tradeweb Markets Inc.

$122.02 ▲ +15.34% year to date

1M 3M YTD

Daily close · Oct 22, 2026

JP Morgan's Call on Tradeweb Markets Inc.

In its October 21 update, JP Morgan kept an Overweight rating on Tradeweb Markets Inc. and pushed its target higher from $117.00 to $136.00. The firm remains positive on the stock, which trades well above its prior target levels. This move follows a series of updates from other major banks through October.

Other Institutional Activity in Tradeweb Markets Inc.

Large money managers have been actively adjusting their portfolios in the company. Carmignac Gestion grew its holdings by 1,590,547 shares, ending with 3,876,800 shares worth about $474,132,651.00. AQR Capital Management, LLC reduced its stake by 108,320 shares, leaving it with 2,787,932 shares valued at approximately $340,964,092.00. Grantham, Mayo, Van Otterloo & Co. LLC added 12,724 shares to hold 2,663,518 shares worth about $325,748,259.00.

Tradeweb Markets Inc. Stock Up 1.9%

The company's shares recently traded around $122.25 as of October 22, 2026, putting the price up about 1.9% since the JP Morgan update. The stock sits comfortably above its 50-day moving average of $106.10 and its 200-day moving average of $108.62. Shares remain below the 52-week high of $127.69 while holding a market capitalization of roughly $25.78 billion.

Recent Earnings

Tradeweb reported $2,204,436,992.00 in trailing twelve month revenue. The firm carries a price-to-earnings ratio of 29.23 alongside a net margin of 40.7%. Investors will get a fresh look at the numbers when the next financial update drops on October 29, 2026.

Dividend

The company pays an annual dividend of $0.56 per share, which works out to a dividend yield of 0.47%. Payouts consume 12.4% of earnings.

Insider Buying and Selling at Tradeweb Markets Inc.

Company insiders have transacted shares over recent months. Chief Technology Officer Justin Peterson sold 21,221 shares on April 15 at an average price of $120.66 for a total value of $2,560,496.00, and later sold another 21,221 shares on June 1 at $102.00 per share for $2,164,542.00. Director Steven D Berns disposed of 425 shares on May 26 at $105.26 apiece totaling $44,736.00. Officer Troy Dixon also parted with 3,130 shares on August 17 for a value of $331,793.00.

Analysts Set New Price Targets

Wall Street firms have kept busy reviewing the stock. Barclays maintained an Equal-Weight rating with a $116.00 target on October 7, moving up from $113.00. Morgan Stanley kept an Equal-Weight rating and raised its target from $123.00 to $125.00 on October 9. TD Cowen maintained a Hold rating on October 12 while lifting its target to $107.00 from $98.00. Wells Fargo kept an Overweight rating and bumped its target from $118.00 to $125.00 on October 14. Across 15 analyst opinions, the consensus rating sits at a buy with a mean price target of $127.53.

About Tradeweb Markets Inc.

Based in New York, Tradeweb Markets Inc. builds electronic trading platforms for institutional, wholesale, and retail clients. The company handles transactions across rates, credit, equities, and money markets worldwide, serving as a key plumbing layer for fixed income and derivatives trading.

Bottom Line

JP Morgan's higher price target gives investors another data point to weigh ahead of the upcoming earnings release on October 29, 2026. Market participants will watch the financial results to see if trading volumes support these rising valuation expectations.