Forecast Of The Day: Intercontinental Exchange Data Services Revenue

+16.19%
Upside
109
Market
127
Trefis
ICE: IntercontinentalExchange logo
ICE
IntercontinentalExchange

What?

Intercontinental Exchange (NYSE:ICE) Data Services Revenue rose from $2.2 billion in 2019 to $2.5 billion in 2021. Trefis expects the metric to grow to about $3 billion by 2024.

Why?

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We expect growth to be driven by rising demand, due to an increase in volumes and data quality, as well as higher fees.

So What?

We remain positive on ICE stock with a $120 price estimate, which is about 20% ahead of the current market price.

See Our Complete Analysis For Intercontinental Exchange

What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.

 Returns Dec 2022
MTD [1]
2022
YTD [1]
2017-22
Total [2]
 ICE Return -7% -27% 78%
 S&P 500 Return -6% -20% 71%
 Trefis Multi-Strategy Portfolio -7% -23% 209%

[1] Month-to-date and year-to-date as of 12/20/2022
[2] Cumulative total returns since the end of 2016

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See all Trefis Price Estimates