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CBOE · NASDAQ · STOCK

Cboe Global Markets

Financial Services Updated August 09, 2026
$286.19
52W $227.15 – $371.18
62/100
$29.99B
22.3
0.41
AI Committee Verdict
Buy
62/100
Conviction: Contested · 50% agreement · 6 analysts
+6.5%
-4.7%
1.38:1
Contested

Is CBOE Bullish or Bearish?

Bullish. Innellis AI committee rates Cboe Global Markets (CBOE) Buy with a composite score of 62/100 , based on 6 analysts with 50% agreement. Last updated August 09, 2026.

What Would Change This View

Upgrade to Strong Buy
Requires a committee score of 75.0 — +12.89 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 — -7.11 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 split. Analysts see this stock differently enough that the current rating reflects genuine uncertainty, not a weak signal.

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
  • Price structure making higher highs and higher lows — Technical
  • Low leverage (debt-to-equity 0.28) -- balance sheet can absorb a shock — Risk
  • Market regime is bullish (Bull market -- normal position sizing) — Macro
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
  • MACD histogram negative -- bearish momentum — Technical
  • Bollinger bandwidth of 15.2% 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 August 09, 2026
Overall Committee Score
62/100
Agreement
50%
Analysts
6
Conviction
Contested
Sector Rank
Top 53%
of 142 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
58 / 100 · High confidence
Mixed or range-bound price action
+ Price structure making higher highs and higher lows
− MACD histogram negative -- bearish momentum
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 15.2% signals elevated volatility
Macro Analyst bullish
70 / 100 · Moderate confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
+ Market regime is bullish (Bull market -- normal position sizing)
News Analyst bullish
62 / 100 · Low confidence
News flow and recent filings/analyst actions are net positive
Portfolio Manager neutral
55 / 100 · Moderate confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− 4 existing position pair(s) are highly correlated already
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Investment Thesis Evolution

Committee score moved marginally from 62.1 to 62.1.

Comparing 2026-08-08 to 2026-08-09 (1 day apart).

Technical Analysis

RSI (14)
47.0
Neutral
MACD Histogram
-0.217
Bearish Momentum
Trend Direction
Uptrend
Weekly: Sideways
Market Structure
Mixed
Support
$272.67
Resistance
$304.86
Bollinger %B
0.49
Inside Bands
Price vs Moving Averages
EMA 9
$290.31 Below
EMA 21
$285.99 Above
EMA 50
$285.85 Above
EMA 200
$278.61 Above

Fundamental Analysis

Valuation
71
Growth
68
Profitability
95
Financial Health
82
Cash Flow
70
Valuation
P/E Ratio 22.3×
P/B Ratio 5.33×
PEG Ratio 0.44
Dividend Yield 1.00%
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 22.3 (inexpensive relative to a 15-40x range); Price-to-book of 5.3x; PEG ratio of 0.4 (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
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📈 Rating History 💰 Earnings 📰 Recent Events 🔄 What Changed 📖 Thesis Evolution 🔍 Similar Stocks
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