J.P. Morgan upgrades Virtu Financial to 'overweight'

J.P. Morgan said Virtu could benefit from higher trading volumes, new products and expansion. The brokerage cited potential profitability gains from industry product innovation and said perpetual futures, prediction markets and tokenization could create more trading opportunities for market makers.

Four of seven analysts rate the stock “strong buy” or “buy,” two rate it “hold” and one rates it “sell”; their median price target is $70.