Morgan Stanley Remains a Buy on Nasdaq (NDAQ)

In a report released today, Michael Cyprys from Morgan Stanley maintained a Buy rating on Nasdaq, with a price target of $116.00.

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According to TipRanks, Cyprys is a 4-star analyst with an average return of 2.5% and a 49.80% success rate. Cyprys covers the Financial sector, focusing on stocks such as Nasdaq, Intercontinental Exchange, and Brookfield Corporation.

In addition to Morgan Stanley, 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 – xAI reiterated a Hold rating on Nasdaq (NASDAQ: NDAQ).

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.