TD Cowen Remains Bullish on Intercontinental Exchange (ICE)
Key takeaways
- TD Cowen Remains Bullish on Intercontinental Exchange (ICE) Noor Ul Ain Rehman Sun, June 28, 2026 at 11:45 PM GMT+7 2 min read ICE Intercontinental Exchange Inc.
- Total Energy OI rose 6% year-over-year, including record options OI of 31.2M lots on May 22.
- (NYSE:ICE) is involved in the provision of market infrastructure, data services, and technology solutions.
TD Cowen Remains Bullish on Intercontinental Exchange (ICE) Noor Ul Ain Rehman Sun, June 28, 2026 at 11:45 PM GMT+7 2 min read ICE Intercontinental Exchange Inc. (NYSE:ICE) is one of the best non-tech stocks to buy according to analysts. TD Cowen cut the price target on Intercontinental Exchange Inc. (NYSE:ICE) to $153 from $193 on June 22 and maintained a Buy rating on the shares. The firm told investors in a research note that it cut price targets for the majority of its exchange coverage. It added that the emergence of perpetual futures is likely to keep alive "terminal value" concerns and curb stock multiples even as volumes are generally trending favorably.
Intercontinental Exchange Inc. (NYSE:ICE) reported its May 2026 statistics on June 3, stating that the total average daily volume (ADV) rose 14% year-over-year, with open interest (OI) up 24% year-over-year, including a record OI of 130.6M lots on May 25. Total Energy OI rose 6% year-over-year, including record options OI of 31.2M lots on May 22. The company also reported that the total Agriculture & Metals ADV grew 60% year-over-year, with OI up 39% year-over-year.
Intercontinental Exchange Inc. (NYSE:ICE) is involved in the provision of market infrastructure, data services, and technology solutions. The company's operations are divided into the following segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology.