Intercontinental Exchange Poised For Breakout, Goldman Sachs Says: What's Behind 22% Upside Projection?

Blostein also highlights promising developments in the company's fixed-income data and analytics segment, which makes up about 22% of its earnings. The firm's annual subscription value (ASV) is recovering and flows into fixed-income funds are rebounding year-to-date, signaling accelerated growth in this area. Coupled with strong free cash flow conversion, this is likely to speed up de-leveraging and bolster share repurchases by the end of 2024. A Compelling Investment Opportunity Loading... Intercontinental ...