J.P. Morgan Keeps Their Buy Rating on Nasdaq (NDAQ)
In a report released yesterday, Michael Cho from J.P. Morgan maintained a Buy rating on Nasdaq, with a price target of $110.00. The company’s shares closed yesterday at $88.55.
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According to TipRanks, Cho is a 3-star analyst with an average return of 5.8% and a 64.29% success rate. Cho covers the Financial sector, focusing on stocks such as LPL Financial, Nasdaq, and Raymond James Financial.
Currently, the analyst consensus on Nasdaq is a Strong Buy with an average price target of $108.27, which is a 22.27% upside from current levels. In a report released yesterday, Piper Sandler also maintained a Buy rating on the stock with a $104.00 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 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.
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