Virtu Financial (VIRT) Plunges 7.85% Amid Downgrade

Virtu Financial (VIRT) experienced a significant decline, with its share price dropping to the lowest level since November 2024, marking an intraday decrease of 7.85%.

Virtu Financial is scheduled to release its earnings report on April 23, 2025, and currently holds a Zacks Rank of #2 (Buy). This positive ranking and the anticipation of the earnings report could boost investor confidence and potentially drive the stock price higher.

Bank of America has adjusted its price target for Virtu Financial, lowering it from $56.00 to $48.00 while maintaining a "buy" rating. This revision could influence investor sentiment and affect the stock's performance.

Morgan Stanley has downgraded Virtu Financial from equal weight to underweight, setting a price target of $26. This downgrade and the reduced price target could negatively impact the stock price, as investors may reassess their positions based on the new outlook.