Cboe Global Markets Inc

CBOE: BATS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Cboe: Increasing Our Fair Value Estimate to $305 From $250 on Higher Trading Volume and Lower Costs

Michael Miller

May 4, 2026

Cboe is benefiting from surging trading volume, particularly in its proprietary index options. While we expect normalization, Cboe is a major beneficiary of volatile trading conditions, especially as it brings its operating costs under control.

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Cboe Global Markets Inc

Cboe: Increasing Our Fair Value Estimate to $305 From $250 on Higher Trading Volume and Lower Costs

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