Barclays Reaffirms Their Buy Rating on Nasdaq (NDAQ)

In a report released today, Benjamin Budish from Barclays maintained a Buy rating on Nasdaq, with a price target of $116.00.

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According to TipRanks, Budish is a 5-star analyst with an average return of 7.9% and a 55.05% success rate. Budish covers the Financial sector, focusing on stocks such as Robinhood, Apollo Global Management, and Blackstone Group.

In addition to Barclays, Nasdaq also received a Buy from TipRanks – Google’s Google Financial – Data and Stock Exchanges in a report issued today. However, on the same day, TipRanks – OpenAI downgraded Nasdaq (NASDAQ: NDAQ) to a Hold.

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 85 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.