{
  "id": 13067341,
  "title": "Morgan Stanley upgrades CBOE stock rating on license extension",
  "url": "https://urgent.news/2026/10/09/morgan-stanley-upgrades-cboe-stock-rating-on-license-extension",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-09T08:02:57.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/morgan-stanley-upgrades-cboe-stock-rating-on-license-extension-93CH-4940380"
  },
  "original_language": "en",
  "account": "Morgan Stanley has raised its rating on CBOE Holdings' stock from Underweight to Overweight, and increased its price target from $258.00 to $358.00. This upgrade comes after key concerns surrounding the company were resolved or already factored into the shares. The S&P Dow Jones Indices license extension until 2051 eliminates a major hurdle, while options trading has proven to be more robust than previously anticipated. Morgan Stanley dismissed concerns about perpetual futures disruption. The firm believes company-specific KPI prediction markets offer upside potential that isn't fully reflected in current estimates or consensus. CBOE's shares are currently trading at 17.6 times its projected 2027 earnings, which is 4.4 times lower than its three-year historical average of 22.0 times. At the current price of $273.22, the stock seems undervalued, according to InvestingPro analysis. With a PEG ratio of just 0.45, the stock appears to offer attractive value relative to its growth prospects. Morgan Stanley projects a 21 times price-to-earnings multiple on 2028 earnings estimates. The firm anticipates a 5.8% revenue compound annual growth rate from 2026 to 2028, backed by robust options activity, including a 7.6% multi-list growth and 8.1% index options growth annually. CBOE has shown strong momentum, with revenue growing 11.7% over the past year and diluted EPS reaching $12.83.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Morgan Stanley initiates Mobility Global stock coverage at Equalweight",
        "url": "https://urgent.news/2026/10/09/morgan-stanley-initiates-mobility-global-stock-coverage-at-equalweight",
        "published": "2026-10-09T08:03:02.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}