Citi Reiterates Neutral Rating on Nasdaq OMX Group Inc. (NDAQ)

Citi analyst Chris Allen reiterated a Neutral rating and $84.00 price target on Nasdaq OMX Group Inc. (NASDAQ: NDAQ).

The analyst comments "NDAQ reported 4Q24 adj. EPS of $0.76 (vs our/consensus est. of $0.76/0.75). Relative to our estimates, net revenue was $1.23B (vs our est. of $1.24B) driven largely by lower Market Services revenue ($268M vs est. of $275M) and lower Financial Technology revenue of $438M (vs est. of $444M) . Adj. opex was slightly below our expectations at $556M (vs est. of $559M), while the effective tax rate came in slightly lower than expected at 24.2% (vs est. of 24.5%). Overall, it was a mixed quarter and we would expect the call to focus on the growth trajectory moving forward, particularly financial technology."

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 $81.19 yesterday.

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