Intercontinental Exchange, Inc. (NYSE: ICE) trades near $152/share after a modest pullback this year. The company’s fundamentals remain strong, backed by recurring revenue from its exchanges, data, and mortgage technology units. Management continues to focus on efficiency and platform integration, positioning ICE for stable long-term growth.
Recently, ICE reported third-quarter results that met expectations, supported by growth across its data services and clearing businesses. The company also advanced its expansion into digital infrastructure, including the integration of mortgage software provider Black Knight. These initiatives highlight ICE’s commitment to diversifying its revenue base and modernizing the backbone of financial markets.
This article explores where Wall Street analysts think ICE could trade by 2027. We have pulled together consensus targets and TIKR’s Guided Valuation Model to outline the stock’s potential path. These figures reflect current analyst expectations and are not TIKR’s own predictions.
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Analyst Price Targets Suggest Meaningful Upside
ICE trades near $152/share today. The average analyst price target sits around $192/share, which points to roughly 26% upside from current levels. Forecasts show a balanced range and steady confidence in the company’s earnings outlook:
- High estimate: ~$218/share
- Low estimate: ~$164/share
- Median target: ~$198/share
- Ratings: 9 Buys, 6 Outperforms, 2 Holds, 1 Sell
Analysts see meaningful upside supported by ICE’s recurring revenue and strong margin profile. For investors, this suggests ICE remains a dependable compounder, benefiting from secular growth in data, clearing, and digital infrastructure. The stock could outperform if management continues expanding the mortgage technology business and improves efficiency across its platforms.
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ICE: Growth Outlook and Valuation
The company’s fundamentals appear strong and consistent:
- Revenue growth: projected around 6% annually through 2027
- Operating margins: expected to stay near 62%
- Forward valuation: trades at roughly 21× earnings
- Based on analysts’ average estimates, TIKR’s Guided Valuation Model using a 21× forward P/E suggests ~$189/share by 2027
- That implies about 24% total return, or roughly 11% annualized gains
These numbers suggest ICE can continue compounding steadily through efficiency and scale. The stock looks fairly valued for its stability, supported by strong cash generation and a leadership position in financial infrastructure.
For investors, ICE is more of a steady compounder than a high-growth play. Its predictable revenue streams and disciplined management make it well suited for those seeking consistent long-term returns rather than short-term volatility.
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What’s Driving the Optimism?
ICE remains one of the most dependable names in financial infrastructure. Its global exchange and clearing businesses generate predictable, high-margin revenue, while its growing data and analytics segment provides steady subscription income. The integration of Black Knight continues to expand ICE’s presence in mortgage technology, creating a more diversified and scalable business model.
Management’s focus on operational efficiency and digital innovation also supports long-term growth. For investors, these strengths suggest ICE has the right mix of recurring revenue and margin resilience to keep compounding earnings even in slower markets.
Bear Case: Valuation and Slower Growth
Even with its strong fundamentals, ICE’s valuation already reflects confidence in steady performance. The stock trades at roughly 21× forward earnings, which could limit further upside if growth softens or capital markets activity slows.
Competition in financial data and clearing services is also increasing, with firms like CME Group and LSEG expanding aggressively. For investors, the main risk is that ICE’s growth may stay moderate, making the current valuation appear full if earnings momentum does not pick up.
Outlook for 2027: What Could ICE Be Worth?
Based on analysts’ average estimates, TIKR’s Guided Valuation Model using a 21× forward P/E suggests ICE could trade near $189/share by 2027. That would represent about 24% total return, or roughly 11% annualized gains from current levels.
While this implies healthy compounding, it assumes ICE maintains strong execution and stable margins. To deliver higher returns, the company would likely need to accelerate growth in its data and mortgage segments or achieve stronger cost efficiencies.
For investors, ICE looks like a reliable long-term compounder, not a high-growth play, but one that offers steady value creation through recurring revenue, disciplined management, and durable industry leadership.
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