Deutsche Bank (DB) Analysts Lower Price Target on NASDAQ (NDAQ) to $27.00
Friday, June 24, 2021 1:10 PM

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Equities research analysts at Deutsche Bank (NYSE: DB) lowered their price target on shares of NASDAQ (NASDAQ: NDAQ) from $30.00 to $27.00 in a research note to investors on Friday. The analysts currently have a "hold" rating on the stock.

Separately, analysts at BMO Capital Markets initiated coverage on shares of NASDAQ in a research note to investors on Thursday. They set a "market perform" rating and a $28.00 price target on the stock. They noted that the move was a valuation call. Also, analysts at Stifel Nicolaus upgraded shares of NASDAQ from a "hold" rating to a "buy" rating in a research note to investors on Thursday, June 9th. They now have a $28.00 price target on the stock.

Shares of NASDAQ traded down 0.13% during mid-day trading on Monday, hitting $23.32. NASDAQ has a 52 week low of $17.18 and a 52 week high of $29.71. The stock's 50-day moving average is $25.05 and its 200-day moving average is $25.67. The company has a market cap of $4.120 billion and a price-to-earnings ratio of 10.57.

NASDAQ last announced its quarterly results on Wednesday, April 20th. The company reported $0.61 earnings per share (EPS) for the previous quarter, meeting the Thomson Reuters consensus estimate of $0.61 EPS. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up 3.80% on a year-over-year basis. On average, analysts predict that NASDAQ will post $0.61 EPS next quarter.

The NASDAQ OMX Group, Inc. is a global exchange group that delivers trading, exchange technology, securities listing, and public company services across six continents. The Company’s offerings include trading across multiple asset classes, market data products, financial indexes, capital formation solutions, financial services and market technology products and services. It operates in three segments: Market Services, Issuer Services and Market Technology. In the United States, it operates The NASDAQ Stock Market, a registered national securities exchange. In addition, in the United States, it operates a second cash equities trading market, two options markets, a futures market and a derivatives clearinghouse. In Europe, it operates exchanges in Stockholm (Sweden), Copenhagen (Denmark), Helsinki (Finland), and Iceland as NASDAQ OMX Nordic and exchanges in Tallinn (Estonia), Riga (Latvia) and Vilnius (Lithuania) as NASDAQ OMX Baltic.

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