Fintel reports that on January 8, 2025, Deutsche Bank upgraded their outlook for Nasdaq (NasdaqGS:NDAQ) from Hold to Buy.
Analyst Price Forecast Suggests 11.42% Upside
As of December 23, 2024, the average one-year price target for Nasdaq is $85.08/share. The forecasts range from a low of $55.55 to a high of $107.10. The average price target represents an increase of 11.42% from its latest reported closing price of $76.36 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Nasdaq is 4,053MM, a decrease of 42.24%. The projected annual non-GAAP EPS is 3.24.
What is the Fund Sentiment?
There are 1,584 funds or institutions reporting positions in Nasdaq. This is an increase of 131 owner(s) or 9.02% in the last quarter. Average portfolio weight of all funds dedicated to NDAQ is 0.34%, an increase of 6.47%. Total shares owned by institutions increased in the last three months by 2.45% to 552,835K shares. 
The put/call ratio of NDAQ is 0.85, indicating a bullish outlook.
What are Other Shareholders Doing?
Investor Ab holds 58,182K shares representing 10.12% ownership of the company. No change in the last quarter.
Thoma Bravo holds 42,804K shares representing 7.45% ownership of the company. In its prior filing, the firm reported owning 85,608K shares , representing a decrease of 100.00%. The firm decreased its portfolio allocation in NDAQ by 22.44% over the last quarter.
Wellington Management Group Llp holds 38,834K shares representing 6.76% ownership of the company. In its prior filing, the firm reported owning 14,749K shares , representing an increase of 62.02%. The firm decreased its portfolio allocation in NDAQ by 56.11% over the last quarter.
Massachusetts Financial Services holds 20,325K shares representing 3.54% ownership of the company. In its prior filing, the firm reported owning 20,884K shares , representing a decrease of 2.75%. The firm decreased its portfolio allocation in NDAQ by 82.31% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 14,573K shares representing 2.54% ownership of the company. In its prior filing, the firm reported owning 13,621K shares , representing an increase of 6.54%. The firm increased its portfolio allocation in NDAQ by 21.76% over the last quarter.
Nasdaq Background Information
(This description is provided by the company.)
Nasdaq is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,500 listed companies with a market value of over $9.1 trillion and more than 10,000 corporate clients.
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This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
