Morgan Stanley Upgrades Nasdaq to Overweight, Raises Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Michael Cyprys has upgraded Nasdaq (NDAQ) from Equal-Weight to Overweight and increased the price target from $59 to $80.
April 09, 2024 | 11:59 am
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Morgan Stanley upgraded Nasdaq (NDAQ) to Overweight from Equal-Weight and raised the price target to $80 from $59.
Upgrades by major financial institutions like Morgan Stanley typically lead to positive short-term price movements for the stock. The significant increase in the price target from $59 to $80 suggests a strong confidence in the company's future performance, likely influencing investor sentiment positively.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100