RBC Capital Reaffirms Their Buy Rating on Nasdaq (NDAQ)
RBC Capital analyst Ashish Sabadra maintained a Buy rating on Nasdaq on April 15 and set a price target of $108.00. The company’s shares closed yesterday at $88.55.
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According to TipRanks, Sabadra is a 4-star analyst with an average return of 2.7% and a 53.86% success rate. Sabadra covers the Financial sector, focusing on stocks such as TransUnion, Nasdaq, and S&P Global.
In addition to RBC Capital, Nasdaq also received a Buy from Piper Sandler’s Patrick Moley in a report issued on April 15. However, on April 8, KBW resumed coverage with 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.
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