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Fly News Breaks for September 5, 2018
NDAQ
Sep 5, 2018 | 08:36 EDT
Rosenblatt analyst Ken Hill initiated Nasdaq with a Neutral and $99 price target saying 2018 appears to be a relatively disappointing year from a results perspective, but investments made this year should help elevate future earnings. Hill believes management will be successful on Nasdaq's transformation but recommends investors look for a better entry point.
News For NDAQ From the Last 2 Days
NDAQ
Mar 26, 2024 | 04:36 EDT
Goldman Sachs analyst Alexander Blostein upgraded Nasdaq to Buy from Neutral with a $73 price target, implying 18% upside from current levels. Following several years of "challenged" earnings growth, Nasdaq's earnings trajectory accelerating to 12% in 2025 and 2026 supported by the integration of Adenza, the analyst tells investors in a research note. Meanwhile, the company faces cyclical tailwinds from "resilient" U.S. cash equity and options volumes and robust growth in its index business, says the firm. Goldman sees Nasdaq's earnings mix evolving with greater than 50% of operating income coming from the "higher-valued" Fin Tech and index businesses by 2025.