Alex Kramm, an analyst from UBS, maintained the Buy rating on Nasdaq. The associated price target remains the same with $120.00.
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Alex Kramm has given his Buy rating due to a combination of factors, notably his expectation that Nasdaq’s high‑margin solutions and FinTech businesses will continue to post solid double‑digit organic growth, supported by rising annual recurring revenue. He also points to robust trading activity across U.S. and European equities and options, which should underpin near‑term earnings even as certain pricing trends remain slightly softer quarter over quarter.
While he trims index‑related revenue assumptions on somewhat weaker assets under management and futures volumes than previously modeled, these adjustments do not materially alter his constructive view on the company’s overall earnings trajectory. In his assessment, concerns that artificial intelligence might significantly disrupt Nasdaq’s competitive position are overstated, and he believes the firm’s diversified model and durable growth profile justify a Buy rating and his $120 price target, implying meaningful upside from current levels.
Kramm covers the Financial sector, focusing on stocks such as Cboe Global Markets, CME Group, and Intercontinental Exchange. According to TipRanks, Kramm has an average return of 10.3% and a 60.16% success rate on recommended stocks.