UBS Maintains Neutral Rating for Nasdaq: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
UBS has maintained a Neutral rating for Nasdaq (NASDAQ:NDAQ) and increased its price target from $56.00 to $60.00. Nasdaq's shares are currently trading up at $58.99, and the new price target suggests a modest upside of 1.71%. Nasdaq operates in various segments, including market services, information services, corporate services, and market technology.
January 24, 2024 | 5:00 pm
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UBS maintains a Neutral rating on Nasdaq (NDAQ) and raises the price target from $56 to $60, indicating a potential 1.71% upside from the current price.
The increase in price target by UBS reflects a positive outlook on Nasdaq's stock, albeit with a Neutral rating. The modest upside potential of 1.71% is likely to be viewed positively by investors, but the Neutral rating suggests that UBS does not see significant growth or decline in the near term. This could lead to a slight increase in investor confidence and potentially a small uptick in the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100