William Blair analyst Jeff Schmitt has maintained their bullish stance on NDAQ stock, giving a Buy rating today.
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Jeff Schmitt’s rating is based on several factors that highlight Nasdaq’s strong operating momentum and growth profile. He points to notably robust trading activity across key exchange businesses, with particularly high double-digit volume increases in both equity derivatives and cash equities in the U.S. and Europe. This broad-based strength in core trading franchises supports higher transaction revenues and indicates healthy underlying market engagement.
In addition, Schmitt emphasizes the accelerating performance of Nasdaq’s index-related operations, where assets under management in exchange-traded products and volumes in index-linked futures have both expanded by more than 30% in the fourth quarter. This growth in higher-margin, recurring-fee index businesses enhances the company’s earnings visibility and diversification beyond pure transaction revenues. Taken together, these trends underpin his view that Nasdaq is well positioned for continued revenue and profit expansion, justifying a Buy rating on the stock.
In another report released today, Barclays also maintained a Buy rating on the stock with a $115.00 price target.