CBOE · BATS · STOCK
Cboe Global Markets (CBOE) Stock Analysis
$304.85
52W $227.15 – $371.18
61/100
$31.83B
23.6
0.41
⚠
Buy rating, but near-term risk/reward is unfavorable
The long-term recommendation is based on the composite investment score. The near-term risk/reward is based on nearby support and resistance levels. These can differ when a strong company trades close to resistance with support further below.
Is CBOE Bullish or Bearish?
Bullish.
Innellis AI committee rates Cboe Global Markets (CBOE) Buy with a composite score of 61/100
, based on 6 analysts with 50% agreement.
Last updated October 10, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +14.49 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -5.51 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Growth Analyst sees a compelling case — eps growing 50.4% yoy. Portfolio Manager remains cautious — sector concentration is already high (hhi 2796.97). This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- ROE of 25.8% shows genuine earnings power backing the valuation — Value
- EPS growing 50.4% YoY — Growth
- 4 consecutive earnings beats -- consistent execution — Growth
- MACD histogram positive -- bullish momentum — Technical
- Weekly trend (sideways) confirms the daily trend -- multi-timeframe agreement — Technical
- Low leverage (debt-to-equity 0.28) -- balance sheet can absorb a shock — Risk
Bear Case
- Price-to-book of 5.1x prices in significant intangible value — Value
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
- RSI at 77 is in overbought territory — Technical
- Price trading above the upper Bollinger Band -- stretched — Technical
- Bollinger bandwidth of 17.2% signals elevated volatility — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of October 10, 2026
Overall Committee Score
61/100
Agreement
50%
Analysts
6
Conviction
Contested
Sector Rank
Top 43%
of 211 Financial Services peers
Value Analyst
neutral
59
/ 100 · High confidence
Fair value -- neither a bargain nor obviously overpriced
+ ROE of 25.8% shows genuine earnings power backing the valuation
− Price-to-book of 5.1x prices in significant intangible value
Growth Analyst
bullish
66
/ 100 · High confidence
Strong, accelerating growth with consistent execution
+ EPS growing 50.4% YoY
− Growth rate is decelerating quarter over quarter -- the trend line matters more than the level
Technical Analyst
neutral
54
/ 100 · High confidence
Mixed or range-bound price action
+ MACD histogram positive -- bullish momentum
− RSI at 77 is in overbought territory
Risk Analyst
neutral
58
/ 100 · Moderate confidence
Moderate risk -- no single red flag, but nothing that clearly de-risks the position either
+ Low leverage (debt-to-equity 0.28) -- balance sheet can absorb a shock
− Bollinger bandwidth of 17.2% signals elevated volatility
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
bullish
62
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
Portfolio Manager
bearish
30
/ 100 · Moderate confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− Sector concentration is already high (HHI 2796.97)
Investment Thesis Evolution
Committee score weakened from 64.3 to 60.5.
- Conviction changed from moderate to contested.
- Committee agreement fell notably from 67% to 50%.
- New bearish signals: 2 appeared.
- Bearish pressure eased: 1 signal(s) disappeared.
- Analyst(s) changed stance: Risk Analyst.
Analyst-level changes:
- Risk Analyst: stance bullish->neutral; score 80->58 (-22); +1 bearish signal(s).
- Technical Analyst: +1 bearish signal(s).
Comparing 2026-10-09 to 2026-10-10 (1 day apart).
Technical Analysis
RSI (14)
77.4
Overbought
MACD Histogram
4.451
Bullish Momentum
Trend Direction
Sideways
Weekly: Sideways
Market Structure
Hh Hl
Support
$272.67
Resistance
$304.86
Bollinger %B
1.16
Above Upper Band
Price vs Moving Averages
EMA 9
$283.86
Above
EMA 21
$280.23
Above
EMA 50
$282.99
Above
EMA 200
$280.94
Above
Fundamental Analysis
Valuation
67
Growth
68
Profitability
95
Financial Health
82
Cash Flow
70
Valuation
P/E Ratio
23.6×
P/B Ratio
5.66×
PEG Ratio
0.47
Dividend Yield
0.99%
52W High
$371.18
52W Low
$227.15
Quality & Growth
ROE
2140.8%
ROA
1182.1%
Gross Margin
5229.5%
Operating Margin
3518.3%
Revenue Growth YoY
—
Debt / Equity
0.28
AI Fundamental Assessment
P/E ratio of 23.6 (inexpensive relative to a 15-40x range); Price-to-book of 5.7x; PEG ratio of 0.5 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 21.4%; Return on assets of 11.8%; Net margin of 26.7%; Gross margin of 52.3%; Current ratio of 1.57 (healthy short-term liquidity); Debt-to-equity of 0.28; Free cash flow per share is positive (0.21); Most recent quarter beat estimates by 0.4%; 4 consecutive earnings beats; EPS growth decelerating (+20.9% -> -3.8% QoQ); Average YoY EPS growth of 44.7%; Analyst estimates rising over recent quarters
Get the Full CBOE Analysis
Interactive charts · Live committee votes · Trade plan · Paper trading · AI Q&A
Open in Terminal →