Flow Traders closed 2025 with stable numbers, but the first quarter of 2026 showed a markedly different picture: higher volumes, increased market volatility, and net profit up nearly 39% compared to a year earlier. Still, the market reacted anything but enthusiastically. A downgrade by ING in late May sent the stock sharply lower, and from a technical perspective Flow Traders is in a vulnerable position. In this article, we review recent developments and explain our expectations for the share price.
We have previously written about Flow Traders; read our earlier articles to stay fully informed:
Read here our article from October 3, 2024: 'Flow Traders buy the dip - Part 2'
Read here our article from December 24, 2025: 'Flow Traders promising growth strategy for coming years'
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Recent developments Flow Traders
2025 was a solid but not exuberant year for Flow Traders. Net trading income grew 4% to €485.8 million, but net profit fell 16% to €133.6 million, as lower market volatility squeezed margins.
The first quarter of 2026 showed a very different picture. Market turmoil played into Flow Traders’ hands: net profit rose to €50.4 million, compared to €36.3 million in Q1 2025, and ETP trading volume increased 27% year-on-year.
At the same time, the company took strategic steps forward. In March, Flow Traders launched an OTC platform for tokenized funds and commodities. A month later, it appointed a new CEO Asia-Pacific, a region the company clearly sees as a key growth pillar. One pain point remains: dividends have been suspended for the foreseeable future, as Flow Traders prefers to use profits to strengthen its capital base.
What is analysts' view of Flow Traders' share price?
The analyst landscape is divided. The majority of analysts have a neutral to positive view on the stock, with price targets pointing towards €30 on average, implying upside potential of around 20% from current levels. Still, none of them currently maintains a strong buy recommendation, reflecting short-term caution.
The most pronounced negative view comes from ING, which on May 27 lowered its recommendation from “hold” to “sell” with a price target of €24.90. ING’s concern is not related to the Q1 figures themselves. The bank questions whether the high trading volumes are structural or still largely the result of temporary market conditions. ING also points to the rising cost structure, which could start to weigh on margins in the longer term.
What is Yelza's view on the Flow Traders share price?
Below is the Flow Traders share price chart showing the most likely scenario.
The chart above shows the price action of Flow Traders. The technical picture is currently weak. Our algorithm points to a further decline towards the €22.50–€20.50 zone, which has acted as solid support several times in the past and therefore remains an important level to watch.
We see this zone as a potentially attractive entry point. If support holds, a recovery towards €32 on a time horizon of around one year is the most likely scenario, offering attractive potential returns for those entering around these levels. However, if the price breaks below this level, it could trigger a new wave of selling and shift the outlook further downward.
Conclusion
Flow Traders combines solid fundamentals with an uncertain short-term outlook. Operationally, the company is performing well, its strategic direction is clear, and its position in tokenized assets is progressive. The suspension of the dividend is a disappointment for many investors; however, the company is reinvesting liquidity to further develop its business.
For now, Flow Traders faces a cautious analyst stance and short-term technical weakness. The underlying business remains strong, meaning current price pressure may present opportunities for the future.
Our scenario: the support zone is the key moment. If support holds, a recovery towards our €32 price target is the most likely follow-up scenario. Those willing to be patient and confident in the company’s structural growth strategy may view the €21.50 zone as a potentially interesting entry point.
Disclaimer: Investing involves risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts' own insights and experiences. They are therefore for educational purposes only.