--- title: "MarketAxess: Morgan Stanley Maintains Hold Rating and $195 Price Target Amid Mixed Near-Term Outlook" type: "News" locale: "en" url: "https://longbridge.com/en/news/292061319.md" description: "Morgan Stanley analyst Michael Cyprys maintained a Hold rating on MarketAxess with a $195 price target, citing a mixed near-term outlook. While Q2 credit trading volumes declined versus the prior quarter and missed estimates, segments like high-yield market share improved. The firm sees balanced risk-reward, limiting upside due to core credit pressures but avoiding a negative stance due to strong franchise metrics. Goldman Sachs also holds the stock at $130." datetime: "2026-07-08T11:25:19.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/292061319.md) - [en](https://longbridge.com/en/news/292061319.md) - [zh-HK](https://longbridge.com/zh-HK/news/292061319.md) --- # MarketAxess: Morgan Stanley Maintains Hold Rating and $195 Price Target Amid Mixed Near-Term Outlook Analyst Michael Cyprys from Morgan Stanley maintained a Hold rating on Marketaxess Holdings and keeping the price target at $195.00. ### 4th of July Sale - 70% Off - Unlock powerful investing tools and data-driven insights with TipRanks Premium for more confident investment decisions. - Discover top stock picks and new investment opportunities through TipRanks' Smart Investor Newsletter. Michael Cyprys has given his Hold rating due to a combination of factors that point to a mixed near‑term outlook for MarketAxess. Second‑quarter credit trading volumes edged slightly higher year over year but declined meaningfully versus the prior quarter and fell short of Morgan Stanley’s estimates, implying notably weaker variable revenue and some downside risk to near‑term EPS relative to his model. At the same time, certain segments such as high‑yield market share and rates fee‑per‑million showed improvement versus expectations, partly offsetting softness in investment‑grade credit volumes and fee metrics. With the price target maintained at $195, Cyprys appears to see balanced risk‑reward, where pressure on core credit trends and market share constrains upside, but the firm’s strong franchise, high incremental margins on volumes, and selective areas of outperformance limit the case for a more negative stance. According to TipRanks, Cyprys is a 3-star analyst with an average return of 1.2% and a 48.69% success rate. Cyprys covers the Financial sector, focusing on stocks such as Invesco, Marketaxess Holdings, and Franklin Resources. In another report released on June 30, Goldman Sachs also assigned a Hold rating to the stock with a $130.00 price target. ### Related Stocks - [MKTX.US](https://longbridge.com/en/quote/MKTX.US.md) - [MS.US](https://longbridge.com/en/quote/MS.US.md) - [IVZ.US](https://longbridge.com/en/quote/IVZ.US.md) - [BEN.US](https://longbridge.com/en/quote/BEN.US.md) - [GS.US](https://longbridge.com/en/quote/GS.US.md) - [MS-O.US](https://longbridge.com/en/quote/MS-O.US.md) - [MS-Q.US](https://longbridge.com/en/quote/MS-Q.US.md) - [MS-E.US](https://longbridge.com/en/quote/MS-E.US.md) - [MS-I.US](https://longbridge.com/en/quote/MS-I.US.md) - [MS-L.US](https://longbridge.com/en/quote/MS-L.US.md) - [MS-P.US](https://longbridge.com/en/quote/MS-P.US.md) - [MS-A.US](https://longbridge.com/en/quote/MS-A.US.md) - [MS-F.US](https://longbridge.com/en/quote/MS-F.US.md) - [MS-K.US](https://longbridge.com/en/quote/MS-K.US.md) - [W4VR.SG](https://longbridge.com/en/quote/W4VR.SG.md) ## Related News & Research - [Analyst Maintains Buy on LightPath Technologies and Reaffirms $16.50 Price Target Amid Strategic Shift to U.S. Defense Market](https://longbridge.com/en/news/293944247.md) - [Can AI-powered ETFs beat the stock market?](https://longbridge.com/en/news/293787303.md) - [Is equal-weighting the S&P 500 worth it? Here’s what the data says](https://longbridge.com/en/news/293852590.md) - [Goldman Sachs Keeps Their Hold Rating on ABB Ltd (0NX2)](https://longbridge.com/en/news/293568102.md) - [First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Short Interest Up 1,906.3% in July](https://longbridge.com/en/news/293807713.md)