Raymond James Reiterates Outperform Rating on Nasdaq OMX Group Inc. (NDAQ)

Raymond James analyst Patrick O\'Shaughnessy reiterated an Outperform rating and $84.00 price target on Nasdaq OMX Group Inc. (NASDAQ: NDAQ)

The analyst comments "We maintain our Outperform rating on Nasdaq ahead of 1Q25 earnings. Nasdaq operates a collection of attractive financial technology software businesses paired with what has generally been a remarkable index franchise. While legacy exchange revenue streams continue to face some challenges, including the overhang from de-listings, ultimately we think Nasdaq can absorb these headwinds. Overall, we believe Nasdaq’s growthier and more diversified business model can sustain a higher valuation multiple and, with Nasdaq’s shares trading ~19.5x our 2026 non-GAAP EPS estimate, we view the risk/reward as favorable."

For an analyst ratings summary and ratings history on Nasdaq OMX Group Inc. click here. For more ratings news on Nasdaq OMX Group Inc. click here.

Shares of Nasdaq OMX Group Inc. closed at $67.74 yesterday.

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