RBC Capital analyst Ashish Sabadra maintains $Nasdaq (NDAQ.US)$ with a buy rating, and maintains the target price at $88.
According to TipRanks data, the analyst has a success rate of 60.6% and a total average return of 6.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Nasdaq (NDAQ.US)$'s main analysts recently are as follows:
The recent quarterly results displayed robust revenue growth momentum for Nasdaq. The company is undergoing a transformation towards higher quality, more sustainable revenue streams, as evidenced by a 10% solutions growth and an 8% growth in Annual Recurring Revenue (ARR) during the third quarter.
The company delivered strong Q3 results, and despite some timing-related deferrals of revenues, it continues to make progress on several of its key strategic objectives. Looking ahead, the outlook for 2025 is promising.
Nasdaq's third-quarter results were impressive, with all three business segments contributing to a significant increase in revenue. Despite the stock's recent positive performance, there is a sentiment that the company's growth trajectory has yet to fully play out.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
