Tradeweb Markets: The Path To At Least 65% Upside

Tradeweb Markets Inc. remains a GARP stock, with significant upside potential tied to its dominance in electronic US interest rate trading.

TW benefits from rising government deficits and volatility, driving higher trading volumes in rates markets, which comprise over half its revenues.

Recent acquisitions in money markets and algorithmic execution bolster TW's core strengths and position it to capitalize on hedge fund-driven Treasury trading.

Valuation modeling suggests potentially 100% upside, underpinned by robust free cash flow growth, a debt-free balance sheet, and strong network effects in core businesses.

Tradeweb Markets Inc. ( TW ) joined the Nasdaq in April 2019, and I covered the stock in August of that year with a Buy rating.

Since then the stock has returned 124%, underperforming the This article was written by The Global Investor 2.17K Followers Follow The Global Investor has 4.5/5 stars on TipRanks and is in the top 12% of financial bloggers as of July 2026.

I cover common stocks and REITs.

My background is in equity long/short fund management, energy trading, credit trading and technology.

Bachelor's in Financial Engineering.

Master's in Finance.

Lived and worked in six countries, hence the global.