RBC Capital Markets has lifted its price target for London Stock Exchange Group PLC (LSE:LSEG) from 12,500p to 14,000p, while JP Morgan reaffirmed its 13,900p target with both citing strong earnings growth and positive long-term prospects.
The banks reiterated their bullish stance, highlighting LSEG’s resilience and continued re-rating potential.
LSEG reported a 17% rise in adjusted EBITDA to £4.15bn for 2024, with organic income growth of 7.7%.
A £500m share buyback, set for completion by July, underscores strong cash generation. JP Morgan noted the company’s clear trajectory towards an EBITDA margin above 50% by 2026, with further acceleration in revenue and margins expected next year.
JP Morgan also highlighted the planned rollout of Open Directory and Microsoft Teams integration in late 2025, calling these features potentially transformative for LSEG’s Workspace platform.
With a free cash flow target of £2.4bn in 2025, analysts see LSEG well-positioned to cement its status as a global powerhouse in data and financial services.
The shares were flat at 11,755p.