Interactive Brokers climbs after Wells Fargo starts coverage with 'overweight'

Interactive Brokers

02/10/2026 15:52

 ** Shares of Interactive Brokers Group IBKR.O rise 3% to $88.41 after Wells Fargo initiates coverage with an "overweight" rating and a PT of $102
** IBKR’s global reach and low-cost model give it a strong competitive advantage, helping it attract more customers - Wells Fargo
** Says IBKR is continuing to grow rapidly, with customer accounts and customer assets each up 35% Y/Y in August
** IBKR expects funded accounts to reach 9.3 mln by 2028
     ** Stock trading at 27.73 times expected EPS over the next 12 months, well above the industry median of 10.67
** 12 of 16 brokerages rate the stock "buy" or higher and 4 "hold"; median PT is $108.50 - data compiled by LSEG
** IBKR up 37.5% YTD
     

(Reporting by Jayasree Prabhu)
((jayasree.prabhu@thomsonreuters.com))