DailyIQ
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Sector:Financial ServicesAll sectors
Last updated 6 minutes ago

ICE·Intercontinental Exchange, Inc.

$.
+. (+.%)
After Hours
High
$136.49
Open
$136.25
Market Cap
75.77B
52W High
$189.35
Low
$134.17
P. Close
$135.26
P/E
19.27
52W Low
$121.79
Fwd P/E
15.33
DailyIQ Est.
$196.15
Technical Score (1D)
50
NEUTRAL
News Sentiment
45
MIXED
Morgan Stanley cut ICE’s price target to $163 from $187, citing a less favorable earnings outlook, which signals a downgrade in profitability expectations and could dampen investor enthusiasm; traders should watch the upcoming earnings release for any surprises. Barclays followed suit 20 hours earlier, trimming its target to $180 from $201 amid concerns over earnings growth and market positioning, reinforcing the consensus that ICE’s valuation may be overestimated. The two downgrades reflect a broader sentiment that ICE’s fee income and trading volumes may not grow as robustly as previously projected, potentially leading to a temporary decline in trading activity. Analysts still project high single‑digit EPS growth for the upcoming Q2 report, suggesting that ICE’s core trading and clearing services could perform solidly, which may offset some of the negative sentiment. However, if the actual earnings miss guidance, the market could react sharply, as the exchange’s valuation is closely tied to its fee‑based revenue streams. In the next 1–10 trading days, traders should monitor the earnings announcement for any deviations from the high single‑digit growth forecast, as this will be the primary driver of ICE’s short‑term price action. Regulatory developments that could impact ICE’s operations, such as changes to clearing requirements or market structure rules, also warrant close attention, as they could alter the exchange’s fee income base. Market participants should also watch for shifts in trading volumes, which can serve as an early indicator of investor sentiment and the exchange’s operational performance. Finally, any significant change in ICE’s earnings outlook or regulatory environment will likely influence the broader market’s perception of exchange operators, affecting not only ICE but peers in the industry.
Earnings Summary
ICE is a technology and data provider that operates global regulated marketplaces, fixed‑income services, and mortgage technology, delivering trading, clearing, and data distribution for derivatives and securities. In the financial data and stock exchanges industry, the company has consistently outperformed analyst expectations, posting earnings beats in every quarter since Q4 2024. Q4 2025 ICE reported revenue of $2.504 billion and EPS of $1.71, up 7.8% YoY and 12% YoY respectively, compared with Q3 2025 revenue of $2.411 billion and EPS of $1.71; the Q1 2026 results of $2.977 billion and $2.35 EPS continue the upward trajectory, with revenue rising 19% YoY from Q4 2025 and EPS increasing 37% YoY, reflecting robust fee‑income growth. Historically, ICE has maintained a 6‑quarter streak of earnings beats, with revenue growth averaging 9% YoY over the past year and EPS growth of 15% YoY, underscoring a resilient fee‑based business model that balances exchange and data services. Recent news highlights ICE’s acquisition of the LBMA platinum and palladium benchmark administration and the launch of GPU compute futures with NATIVX, expanding its product suite into precious‑metal benchmarks and AI compute markets; these moves are expected to diversify fee streams and attract new institutional participants. Investors should watch the upcoming Q2 2026 earnings release for guidance on the adoption rate of the new GPU compute contracts, any updates on the LBMA benchmark fee structure, and regulatory developments that could impact fee generation, as these factors will shape short‑term valuation dynamics.

EPS

EstBeatMiss
$1.50$1.74$1.98$2.22$2.46Q1'25Q2'25Q3'25Q4'25Q1'26Q2'26
QtrEstActual+/−
Q2'26$1.89 - -
Q1'26$1.98$2.35+18.5%
Q4'25$1.69$1.71+1.2%
Q3'25$1.61$1.71+6.4%
Q2'25$1.77$1.81+2.3%
Q1'25$1.70$1.72+1.0%

Revenue

EstBeatMiss
$2.3B$2.5B$2.7B$2.9B$3.1BQ1'25Q2'25Q3'25Q4'25Q1'26Q2'26
QtrEstActual+/−
Q2'26$2.7B - -
Q1'26$2.7B$3.0B+9.8%
Q4'25$2.5B$2.5B+0.1%
Q3'25 - $2.4B -
Q2'25 - $2.5B -
Q1'25 - $2.5B -
Full Earnings BreakdownEstimates, actuals, guidance, and historical context
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Market Data

ICE Stock Snapshot

ICE is currently trading at $135.26, giving Intercontinental Exchange, Inc. a market cap of 75.77B and a P/E ratio of 19.3. Today's range spans $134.17–$136.49, with shares opening at $136.25 and moving up $0.00 (0.0%) from the prior close. DailyIQ's technical score sits at 50/100 (HOLD) with a news sentiment reading of 45/100.

Over the past year ICE has traded between $121.79 and $189.35 - the current price is +11.1% off the 52-week low and -28.6% from the high. 23 analysts cover the stock with a Buy consensus and a mean 12-month target of $186.87 (range $159.00–$240.00), implying upside of +38.2%.

A HOLD read (50/100) for ICE at $135.26 (in the lower half of its 52-week range) with neutral sentiment (45/100) tells the story of a large-cap Financial Services stock between identifiable trends. The current P/E ratio stands at 19.3. The 75.77B market cap keeps institutional interest alive; the 52-week range of $121.79–$189.35 keeps the trade interesting. HOLD signals here aren't an endpoint - they're a setup phase waiting for the right trigger.

The 52-week range of $121.79–$189.35 for ICE provides the structural reference that options traders, systematic funds, and discretionary managers all anchor to — and at $135.26 (in the lower half of its 52-week range), the stock sits in a zone where the next 5–10% move will likely define which crowd was right. A HOLD signal at 50/100 and neutral news backdrop (45/100) don't break the tie yet, but they narrow the probability distribution toward the upside.