Goldman Sachs analyst Alexander Blostein maintains $Nasdaq (NDAQ.US)$ with a buy rating, and adjusts the target price from $73 to $83.
According to TipRanks data, the analyst has a success rate of 76.0% and a total average return of 18.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Nasdaq (NDAQ.US)$'s main analysts recently are as follows:
The firm has communicated that the broader capital markets sector could confront downside risks leading into Q3 reports due to lower interest rates and a slow recovery in deal activity. Despite the fact that a potential acceleration in rate cuts and stronger equity markets have encouraged risk-on behavior in many capital markets stocks, the sluggish rate of deal activity presents ongoing challenges for alternative managers amidst highly stretched valuation multiples. Furthermore, the organic growth for most traditional managers weakened in Q3, and the drop in interest rates poses a significant threat to earnings for a large number of brokers and wealth managers. However, exchanges and trust banks are anticipated to be relatively robust performers in the upcoming Q3 results.
Estimates and targets for exchanges are being revised to reflect intra-quarter data points ahead of a Q3 preview, according to an analyst.
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