The article provides an overview of the analyst ratings for MarketAxess Holdings (MKTX) over the past 3 months. The average 12-month price target of $315.43 represents a 7.23% decrease from the previous average price target of $340.00. This information is relevant for investors as it provides insight into the market sentiment and potential future stock price movement. The importance is moderate as it is based on analyst opinions, which can be subject to error. The confidence in the analysis is high as it is based on the opinions of 7 analysts.