Nasdaq (NDAQ – Research Report), the Financial sector company, was revisited by a Wall Street analyst on April 25. Analyst Michael Cyprys from Morgan Stanley maintained a Hold rating on the stock and has a $75.00 price target.
Michael Cyprys has given his Hold rating due to a combination of factors that reflect a cautious yet optimistic outlook on Nasdaq’s performance. The recent financial results showed a modest improvement, with an increase in adjusted earnings per share for the upcoming quarters, indicating some positive momentum in market services and capital access revenues.
Despite these upward revisions, the overall impact on the investment thesis remains unchanged, suggesting that while there are favorable developments, they are not significant enough to warrant a more aggressive rating. This balanced perspective takes into account both the potential for growth and the existing market conditions, leading to a recommendation that investors maintain their current positions without making substantial changes.
In another report released on April 25, UBS also maintained a Hold rating on the stock with a $82.00 price target.