Nasdaq, Inc. (NDAQ) Monthly Report
Publication Date: September 22, 2024
Company Overview
Nasdaq, Inc. (NDAQ) is a New York City-based technology firm integral to the global capital markets. Operating within the financial services sector, Nasdaq provides a comprehensive array of offerings categorized into three primary segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment specializes in delivering both historical and real-time market data while also developing Nasdaq-branded indices and financial products. The Financial Technology division offers cloud-based solutions aimed at detecting and reporting financial fraud, complemented by essential trading and risk management technologies. Finally, the Market Platforms segment facilitates diverse trading services across multiple asset classes, including equities, commodities, and digital currencies, solidifying Nasdaq’s position as a key player in financial data and stock exchanges.
Market Analysis
As the financial services sector continues to show robust potential, analysts have issued a buy recommendation for Nasdaq, reflecting confidence in the sustained growth of investments within this industry. The overall revenue for the financial data and stock exchange sector stands at approximately $6.57 billion, underlining its significant economic impact. Nasdaq’s current stock price is $74.29, with a target high price projected at $90.00. This optimism is slightly tempered by a target mean price of $73.21, indicating a range of expectations among market participants.
In terms of shareholder sentiments, with a total of 574,739,968 shares outstanding and a short interest of only 0.0116%, there appears to be minimal bearish sentiment surrounding Nasdaq, suggesting that investors predominantly maintain long positions. The stock’s performance is further illustrated by its recent price, which is nearing its 52-week high of $74.68, showcasing strong market resilience.
Financial Performance
The bullish outlook for Nasdaq is further supported by analysts’ projections, which indicate a target high price of $90.00 and a target low of $54.00. With an average price forecast of $73.21, closely aligned with a median price of $73.00, the consensus among the 14 contributing analysts is overwhelmingly positive, reflected in a recommendation mean of 2.3. Nasdaq’s stock has traded notably above its 50-day average of $68.89, reinforcing bullish sentiment. The substantial gain from a 52-week low of $46.88 highlights Nasdaq’s resilience and its potential for continued upward movement amid a competitive market landscape.
In summary, Nasdaq, Inc. stands as a strong contender within the financial data and stock exchange sector, backed by robust economic fundamentals and positive market sentiment. Investors should consider the overall revenue, pricing targets, and prevailing analyst opinions when evaluating the stock’s future potential.
| Metric | Value |
|---|---|
| Market Cap | $42.7b |
| Total Debt | $10.3b |
| Total Cash | $423.0m |
| Shares Outstanding | 574.7m |
| Float Shares | 471.1m |
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