Morgan Stanley has initiated coverage on Miami International Holdings Inc (MIAX) with an Overweight rating as of September 7, 2025. This marks the firm's first assessment of the company, reflecting their analysis of its business, industry dynamics, and growth potential.
Miami International Holdings, headquartered in Princeton, New Jersey, provides trading technology solutions and operates regulated financial marketplaces across various asset classes. The company went public on August 14, 2025, and currently boasts a market capitalization of $3.9 billion. Its offerings include the MIAX, MIAX Options, MIAX PRIME, and MIAX Technologies, among others, and it operates a proprietary MIAX Exchange Technology Platform designed for the demands of options and equities trading.
The upcoming earnings report on November 5, 2025, is anticipated to show an EPS of $0.31 on revenues of $107.3 million. Notably, MIAX exceeded expectations in its recent Q3 2025 report, posting an EPS of $0.42, a 36.5% surprise over estimates.
Analyst consensus indicates a Buy rating, with 3 Strong Buy, 5 Buy, and 4 Hold ratings among 12 analysts. Recent ratings from other firms include William Blair's Outperform and Raymond James's Market Perform, both initiated on September 8, 2025.
Analyst ratings serve as professional opinions based on research and financial models. While they can provide valuable insight, they are based on assumptions that may not materialize. Investors are encouraged to consider multiple factors, including company fundamentals and industry trends, when making decisions.