Citi upgrades Euronext to 'buy' on bonds, post-trade growth

Euronext NV

19/10/2026 08:40

** Citi analysts upgrade Euronext ENX.PA to "buy" from "neutral", upbeat about the pan-European stock exchange operator's bonds platform and stock post-trading activities
** "We are optimistic about both, forecasting double-digit revenue growth to 2030," the analysts say in a note, adding that Euronext commodity business also seems under-appreciated
** "We model commodities revenue growing twice the rate of consensus," the analysts say, adding that Euronext trades at a 20% discount to global peers
** Citi hikes its PT on the stock by 28% to €200
** According to LSEG data, ten analysts rate Euronext "strong buy" or "buy", ​five rate it "hold", and two​ rate the stock "strong sell" or "sell"


 (Reporting by Mateusz Rabiega)
 ((Mateusz.rabiega@thomsonreuters.com))