Raymond James analyst Patrick O’Shaughnessy upgraded Tradeweb Markets to Outperform from Market Perform with a $74 price target. The analyst believes Tradeweb can achieve “solid growth results in a variety of macroeconomic conditions” and that its “underlying strength has been somewhat masked recently by forex headwinds.” He expects continued market share gains in 2023 in areas such as U.S. treasuries, interest rate swaps, and U.S. corporate bonds. Tradeweb’s current valuation, well below its historical averages, offers an attractive entry point, O’Shaughnessy tells investors in a research note.