Raymond James Reiterates Outperform Rating on Nasdaq OMX Group Inc. (NDAQ)
Raymond James analyst Patrick O\'Shaughnessy reiterated an Outperform rating and $96.00 price target on Nasdaq OMX Group Inc. (NASDAQ: NDAQ).
The analyst comments "Nasdaq posted strong results in the second quarter with each segment finishing ahead of expectations. Total organic revenue growth of 12% y/y accelerated 1ppt sequentially, as Nasdaq’s collective Solutions businesses saw modestly faster growth while Market Services continues to benefit from a higher volatility backdrop. While operating expenses finished higher than expectations, the revenue upside drove an EPS beat in the quarter, with non-GAAP EPS up 24% y/y. Nasdaq did raise its 2025 adjusted operating expense outlook, reflecting the impact of forex changes."
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 $88.28 yesterday.