Wells Fargo Raises ICE Price Target to $160

Wells Fargo has reiterated its Underweight rating and set a price target of $160 for Intercontinental Exchange, a 0.13% upside from the current price.

By EarningsIQ Research Desk · Published Oct 15, 2026, 9:18 PM EDT · Updated Oct 16, 2026, 2:03 PM EDT

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Wells Fargo raised its price target on Intercontinental Exchange, Inc. ($ICE) to $160 from $159 on October 14, 2026, and rates the stock "Underweight".

Since the rating, $ICE is up 4.2% to date (from the $155.11 close on Oct 14, 2026).

ICE Intercontinental Exchange, Inc.

$161.56 +2.02% year to date

Daily close · Oct 16, 2026

Key Points

On October 14, 2026, Wells Fargo reiterated its Underweight rating on Intercontinental Exchange, Inc. with a price target of $160.
Wells Fargo's $160 price target implies 0.13% upside from Intercontinental Exchange, Inc.'s ($ICE) current $159.78 share price.
Currently, ICE shares are trading around $159.78, which is about equal to Wells Fargo's target, reflecting a slight decrease of 0.1%.
In recent analyst activity, firms like TD Cowen and Barclays have adjusted their ratings on ICE, showcasing a range of opinions on the stock.

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Wells Fargo has reiterated its Underweight rating on Intercontinental Exchange, Inc. (NYSE: ICE) on October 14, 2026. The firm set a price target of $160, slightly above the recent trading price of $159.78 as of October 16, 2026.

Analyst rating track record

Wells Fargo vs. the S&P 500

YTD return -2.53% hypothetical

All-time return -2.53% S&P 500 +0.47%

vs. S&P 500 -3% behind the index

Hypothetical returns from Wells Fargo's disclosed trades, not real profit or advice. How we model this.

Wells Fargo's Call on Intercontinental Exchange

Wells Fargo's latest rating maintains its previous target of $159.0, now slightly adjusted to $160. This call aligns closely with the stock's recent price, which is about equal to the target.

Other Institutional Activity in Intercontinental Exchange

Several other institutional investors have made adjustments to their positions in Intercontinental Exchange. BlackRock Inc. reduced its holdings by 2,168,754 shares, ending with 50,727,686 shares valued at approximately $8.2 billion. Vanguard Capital Management LLC added 25,838 shares, bringing its total to 36,936,565 shares worth about $5.97 billion. Meanwhile, State Street Corporation increased its stake by 416,468 shares, totaling 25,966,680 shares valued at around $4.2 billion. Harris Associates L.P. grew its holdings by 1,707,830 shares, ending with 18,050,700 shares worth about $2.92 billion. Conversely, Morgan Stanley trimmed its position by 1,369,014 shares, now holding 13,117,904 shares valued at roughly $2.12 billion.

Intercontinental Exchange, Inc. Stock Up 0.9%

The stock of Intercontinental Exchange closed at $159.78 recently, which is about equal to Wells Fargo's price target of $160. The shares have been trading near this level, suggesting that the market has priced in the firm's outlook.

12-month forecast

$ICE price target

Intercontinental Exchange, Inc. daily closes and this analyst's $160 target. Not advice.

Recent Earnings

Intercontinental Exchange reported trailing twelve months revenue of approximately $10.56 billion, with an earnings per share (EPS) of $7.09. The company has a net margin of 38.2% and a return on equity (ROE) of 14.1%. The next earnings report is scheduled for October 29, 2026.

Insider Buying and Selling at Intercontinental Exchange, Inc.

Recent insider transactions include Martha A. Tirinnanzi, Director, who sold 1,340 shares at $161.16 for a total value of $215,954 on August 26, 2026. President Benjamin Jackson sold 12,862 shares on September 1, 2026, valued at approximately $2,059,064. On the same day, Officer Christopher Scott Edmonds sold 5,000 shares at an average price of $160.59, totaling around $802,950. Additionally, Officer Douglas Foley sold 1,600 shares at $160.00, worth $256,000 on September 14, 2026.

Analysts Set New Price Targets

On October 5, 2026, TD Cowen downgraded its rating to Hold with a target of $166, down from $177. Barclays maintained an Overweight rating with a new target of $189, up from $182 on October 7, 2026. Morgan Stanley kept its Equal-Weight rating and increased its target to $173 from $163 on October 9, 2026. TD Cowen reiterated its Hold rating with a target of $167 on October 12, 2026, just before Wells Fargo's latest call.

About Intercontinental Exchange

Intercontinental Exchange, Inc. provides technology and data services to various financial institutions and government entities worldwide. It operates through segments that include Exchanges, Fixed Income and Data Services, and Mortgage Technology. This reiteration of Wells Fargo's Underweight rating indicates a cautious outlook amidst mixed analyst opinions.

Bottom Line

Investors should watch for the upcoming earnings report on October 29, 2026. As Wells Fargo's Underweight rating aligns closely with the current trading price, the market will be attentive to how the company performs in its next earnings release.