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Fly News Breaks for January 14, 2020
NDAQ
Jan 14, 2020 | 07:46 EDT
Wells Fargo analyst Christopher Harris raised his price target for Nasdaq to $122 from $111 following the release of its volume and revenue capture data and as he rolls forward the base year for valuation purposes to 2021. The analyst notes that the reported trading revenue for Q4 was slightly higher than his prior forecast but was offset by a reduction in his non-trading revenue estimate for the quarter. Harris has an Overweight rating on the shares.
News For NDAQ From the Last 2 Days
NDAQ
May 19, 2022 | 07:03 EDT
Deutsche Bank analyst Brian Bedell lowered the firm's price target on Nasdaq to $184 from $207 and keeps a Buy rating on the shares. More buying opportunities are emerging in the brokers, asset managements and exchange sector amid the equity market decline, Bedell tells investors in a research note. The stocks are pricing in an estimated 55% chance of recession, making the risk/return for 12-18 month holding periods across much of the group "very attractive," says the analyst.