CME Group
CME
$274.98
+1.52%
CME Group Inc. operates the world's leading derivatives marketplace, offering futures and options contracts across interest rates, equity indexes, foreign exchange, energy, metals, and agricultural commodities, alongside market data and clearing services. As the dominant exchange operator in the U.S. and a global benchmark for risk management, CME holds a near-monopoly position in listed derivatives trading, with a 27% stake in S&P Dow Jones Indices reinforcing its strategic moat. The current investor narrative centers on how persistent inflation and a hawkish Federal Reserve—with rising odds of rate hikes—are driving record trading volumes and revenue growth, while the stock's recent recovery from a mid-2026 selloff reflects optimism about sustained demand for hedging products amid macroeconomic uncertainty.…
CME
CME Group
$274.98
Related headlines
CME 12-Month Price Forecast
Wall Street consensus
Most Wall Street analysts maintain a constructive view on CME Group's 12-month outlook, with a consensus price target around $283.07 and implied upside of +2.9% versus the current price.
Average Target
$283.07
0 analysts
Implied Upside
+2.9%
vs. current price
Analyst Count
—
covering this stock
Price Range
$230 - $330
Analyst target range
CME is covered by 15 analysts, with a consensus recommendation of 'hold' and a mean rating of 2.56 (where 1 is strong buy and 5 is sell). The average target price is $283.07, implying a modest 2.9% upside from the current price of $274.98. The distribution includes 2 strong buys, 5 buys, 7 holds, and 1 underperform, indicating a cautious but not bearish stance. Recent actions show a mix of upgrades and reiterations, with firms like Keefe, Bruyette & Woods upgrading to Outperform and Rothschild & Co moving to Buy, suggesting some positive momentum in sentiment.
CME Technical Analysis
CME's price trend over the past year has been characterized by a sharp correction followed by a recovery, with the stock currently trading at $274.98, up 0.61% from a year ago but down 10.75% from six months ago. The stock sits at 83.5% of its 52-week range (between $218.31 low and $329.16 high), indicating it has rebounded significantly from the June 2026 trough but remains below its February 2026 peak. This positioning suggests a recovery phase, though the stock has yet to reclaim prior highs, implying lingering caution among investors.
Beta
0.27
0.27x market volatility
Max Drawdown
-33.0%
Largest decline past year
52-Week Range
$218-$329
Price range past year
Annual Return
+0.6%
Cumulative gain past year
| Period | CME Return | S&P 500 |
|---|---|---|
| 1m | +10.3% | +3.6% |
| 3m | -5.6% | +2.7% |
| 6m | -10.7% | +11.4% |
| 1y | +0.6% | +18.7% |
| ytd | +2.0% | +12.3% |
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CME Fundamental Analysis
CME's revenue trajectory is robustly growing, with Q1 2026 revenue of $1.88 billion, up 14.5% year-over-year, accelerating from the 7.5% growth seen in Q4 2025. The revenue breakdown shows clearing and transaction fees of $1.54 billion, market data revenue of $224 million, and other revenue of $113 million, indicating that trading volumes are the primary growth driver. This acceleration is likely fueled by heightened market volatility and rate-hike expectations, which boost derivatives trading activity, and the trend suggests continued momentum if macroeconomic uncertainty persists.
Quarterly Revenue
$1.9B
2026-03
Revenue YoY Growth
+14.5%
YoY Comparison
Gross Margin
88.1%
Latest Quarter
Free Cash Flow
$4.3B
Last 12 Months
Revenue & Net Income Trends (2 Years)
Revenue Breakdown
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Valuation Analysis: Is CME Overvalued?
Given CME's positive net income, the PE ratio is the primary valuation metric. The trailing PE stands at 24.43x, while the forward PE is 21.27x, implying the market expects earnings growth of approximately 15% over the next year. This gap between trailing and forward multiples reflects optimism about continued EPS expansion, driven by revenue growth and margin stability. The PEG ratio of 1.59x suggests the stock is reasonably priced relative to its growth rate, though not deeply undervalued.
PE
24.4x
Latest Quarter
vs. Historical
Mid-Range
5-Year PE Range 19x~30x
vs. Industry Avg
N/A
Industry PE ~N/A*
EV/EBITDA
17.1x
Enterprise Value Multiple

