Nasdaq Analysts Increase Their Forecasts Following Upbeat Earnings
Portfolio Pulse from Lisa Levin
Nasdaq Inc (NASDAQ:NDAQ) reported strong Q3 earnings with a 6% Y/Y increase in revenue to $940 million, beating the consensus of $930.25 million. Adjusted EPS was $0.71 per share, up 4% Y/Y, beating the Street view of $0.68. Nasdaq declared a regular quarterly dividend per share of $0.22. Following the earnings announcement, several analysts increased their price targets on Nasdaq.
October 19, 2023 | 6:42 pm
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Nasdaq Inc reported strong Q3 earnings, beating consensus estimates. Several analysts increased their price targets on the stock following the announcement.
Nasdaq Inc's strong Q3 earnings report, which beat consensus estimates, is a positive signal for the company's financial health. This has led to increased confidence among analysts, as evidenced by the raised price targets. This could potentially lead to increased investor interest and a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100