Buckingham initiated Nasdaq with a Buy rating and $73 price target saying risk/reward is positive at current levels and sees accelerating growth in non-transactional businesses as the key driver moving forward.

The Board of Directors of Nasdaq has declared a regular quarterly dividend of $0.24 per share on the company's outstanding common stock, a 9% increase from the previous quarter. The dividend is payable on June 28, 2024 to shareholders of record at the close of business on June 14, 2024. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Board of Directors.

Reports Q1 revenues $1.12B, consensus $1.11B. Adena Friedman, Chair and CEO said, "Nasdaq delivered another quarter of solid results, with double digit revenue growth in our Solutions businesses including strong Financial Technology results and exceptional Index performance. We continue to make progress on our Integrate, Innovate, and Accelerate strategic priorities with ongoing momentum across our integration work streams and the One Nasdaq go-to-market strategy. As we look toward the remainder of the year, we are well positioned to deliver on our next phase of scalable, profitable, and durable growth."