William Blair analyst Jeff Schmitt has maintained their bullish stance on NDAQ stock, giving a Buy rating yesterday.
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Jeff Schmitt has given his Buy rating due to a combination of factors, including Nasdaq’s stronger‑than‑expected quarterly earnings and an acceleration in revenue growth, especially within its solutions franchise. He highlights that fintech platforms Verafin and Axiom, along with capital markets technology, are delivering record gains, while index, data, listings, and market services businesses are all showing solid performance despite a cautious market backdrop.
Schmitt also notes that Nasdaq’s balance sheet has improved enough to support increased share repurchases, enhancing shareholder returns as leverage falls below management’s target. Looking ahead, he forecasts earnings growth outpacing exchange peers and argues that prevailing concerns about AI‑related disruption are overstated, which leaves the stock trading at a discount to its historical valuation multiples and presents an attractive entry point for investors.
Schmitt covers the Financial sector, focusing on stocks such as Nasdaq, Tradeweb Markets, and Marketaxess Holdings. According to TipRanks, Schmitt has an average return of 8.0% and a 49.07% success rate on recommended stocks.
In another report released yesterday, Bank of America Securities also maintained a Buy rating on the stock with a $109.00 price target.