Summary:
- CME Group is expanding its cryptocurrency offerings with new reference rates and indices.
- Analysts give CME Group a "Hold" recommendation based on a current evaluation.
- Projected price targets suggest minimal downside from the current stock price.
CME Group (CME) has teamed up with CF Benchmarks to launch four groundbreaking cryptocurrency reference rates and real-time indices. These new indices will include Arbitrum, Ondo (ONDO-USD), Near (NEAR-USD), and Sui (SUI-USD). While these indices are not set to be available as tradable futures products, they provide valuable reference points within the cryptocurrency space, enhancing the market's transparency and helping investors make informed decisions.
Wall Street Analysts Forecast
Fifteen analysts have provided their one-year price targets for CME Group Inc. (CME), resulting in an average target price of $276.87. The highest estimate reaches $305.00, while the lowest drops to $225.00. This average target suggests a downside of 3.23% from the current trading price of $286.11. For more comprehensive insights, visit the CME Group Inc (CME, Financial) Forecast page.
The current consensus among 18 brokerage firms gives CME Group Inc. (CME) an average brokerage recommendation of 2.6, indicating a "Hold" status. This evaluation uses a rating scale from 1 to 5, where 1 means Strong Buy and 5 means Sell. This moderate stance reflects a balance of optimism and caution among analysts regarding CME's future performance.
According to GuruFocus estimates, the projected GF Value for CME Group Inc. (CME) in the next year is calculated at $257.09, indicating a potential downside of 10.14% from the current stock price of $286.11. The GF Value metric is derived from a combination of historical trading multiples, past business growth, and future performance estimates. More in-depth data and analysis are available on the CME Group Inc (CME, Financial) Summary page.
