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Miami International (MIAX) has received a stock upgrade to a 'Buy' rating, with analysts identifying a compelling valuation for shares trading below $40. The upgrade follows a robust performance in the fourth quarter, during which the company saw its revenue surge by 52% to reach $125 million. Operational efficiency also showed significant improvement, with the EBITDA margin climbing to 50% during the reported period. Furthermore, the company successfully expanded its footprint in the options trading sector, increasing its market share to 18.2%. This growth is attributed to structural increases in trading volumes and a focus on product innovation. The combination of strong financial metrics and market share gains provides a positive outlook for MIAX's future valuation.
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