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Fly News Breaks for July 10, 2019
NDAQ
Jul 10, 2019 | 07:20 EDT
Raymond James analyst Patrick O'Shaughnessy raised his price target on Nasdaq shares to $108 from $96 as he believes a higher multiple is warranted with the volatility backdrop appearing to have become more favorable, though he lowered full-year EPS estimate by 3c to reflect mixed near-term volume and RPC trends. He maintains an Outperform rating on Nasdaq, citing expectations for solid growth in its non-transaction segments combined with disciplined expense management.
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.