Nasdaq Analysts Increase Their Forecasts Following Upbeat Earnings

Nasdaq Inc NDAQ reported strong earnings results for the third quarter.

Revenue increased 6% Y/Y to $940 million, beating the consensus of $930.25 million. Adjusted EPS of $0.71 per share, up 4% Y/Y, beat the Street view of $0.68.

Nasdaq declared a regular quarterly dividend per share of $0.22, payable on December 22, 2023, to shareholders of record as of December 8, 2023.

Nasdaq shares fell 0.2% to trade at $51.83 on Thursday.

These analysts made changes to their price targets on Nasdaq following earnings announcement.

• Morgan Stanley increased the price target on Nasdaq from $54 to $55. Morgan Stanley analyst Michael Cyprys maintained an Equal-Weight rating.
• JP Morgan raised the price target on Nasdaq from $62 to $63. JP Morgan analyst Michael Cho maintained an Overweight rating.
• Oppenheimer analyst Owen Lau reiterated Nasdaq with an Outperform and maintained a $65 price target.
• Rosenblatt analyst Andrew Bond reiterated the stock with a Buy and maintained a price target of $82.

Also Check This Out: Top 3 Financial Stocks You'll Regret Missing In Q4