Citigroup Maintains Neutral on Nasdaq, Raises Price Target to $63
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Christopher Allen has maintained a Neutral rating on Nasdaq (NDAQ) and increased the price target from $56 to $63.

January 12, 2024 | 7:54 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Citigroup has maintained a Neutral rating on Nasdaq but raised the price target from $56 to $63, indicating a positive outlook on the stock's value.
The increase in price target by Citigroup suggests that the analyst sees more value in the stock than previously estimated, which could lead to increased investor confidence and a potential short-term rise in the stock price. However, the Neutral rating indicates that the analyst does not see significant momentum or changes in the company's fundamentals to warrant an upgrade to a Buy rating at this time.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100