Marex Group plc (NASDAQ: MRX) is considered a top cheap stock by Reddit. Barclays recently lowered the price target to $50 from $52 after the company’s fiscal Q2 report. Sales momentum extended into July, with an earnings beat and strong rebuttal to a short report. The firm provides brokerage services for financials, commodities, and foreign exchange.
The company offers Clearing, Agency and Execution, Market Making, Hedging and Investment Solutions, and Corporate segments. While Marex Group plc (NASDAQ: MRX) shows potential, other AI stocks may offer greater upside potential and less downside risk. For an undervalued AI stock benefiting from Trump-era tariffs and onshoring trends, check out their free report on the best short-term AI stock.
Read more at Yahoo Finance: Barclays Lowers PT on Marex Group (MRX) to $50 From $52, Keeps an Overweight Rating