Nasdaq's Road Ahead Marked By Tech Innovation, Market Expansion, And Less Debt: Goldman Sachs
Portfolio Pulse from Priya Nigam
Goldman Sachs upgraded Nasdaq Inc (NDAQ) from Neutral to Buy with a price target of $73, citing potential for accelerated earnings growth in 2025 and 2026. The upgrade follows a period of pressure on NDAQ shares due to a secondary offering by Borse Dubai. Key drivers for growth include integration of Adenza, cyclical tailwinds, and faster than expected de-leveraging allowing for share repurchases.
March 26, 2024 | 3:48 pm
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Goldman Sachs upgraded Nasdaq Inc (NDAQ) to Buy from Neutral, with a price target of $73, anticipating accelerated earnings growth due to technological integration, market tailwinds, and faster de-leveraging.
The upgrade by Goldman Sachs to a Buy rating and the setting of a $73 price target reflect a strong positive outlook for Nasdaq, primarily due to expected earnings growth driven by technological advancements, favorable market conditions, and strategic financial management. This analysis suggests a likely positive impact on NDAQ's stock price in the short term, as market participants often react positively to analyst upgrades, especially from reputable firms.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100