Goldman Sachs Sticks to Its Buy Rating for Nasdaq (NDAQ)
Goldman Sachs analyst Alexander Blostein maintained a Buy rating on Nasdaq yesterday and set a price target of $98.00.
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According to TipRanks, Blostein is a 5-star analyst with an average return of 16.3% and a 68.10% success rate. Blostein covers the Financial sector, focusing on stocks such as Invesco, Nasdaq, and Virtu Financial.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Nasdaq with a $110.00 average price target.
Based on Nasdaq’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.08 billion and a net profit of $519 million. In comparison, last year the company earned a revenue of $2.03 billion and had a net profit of $355 million
Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NDAQ in relation to earlier this year.
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