William Blair analyst Jeff Schmitt has maintained their bullish stance on NDAQ stock, giving a Buy rating on November 24.
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Jeff Schmitt has given his Buy rating due to a combination of factors, primarily focusing on the robust performance in Nasdaq’s market services segment. The U.S. equities and options markets have shown significant volume growth, with U.S. matched equities experiencing a 30% increase and U.S. equity options rising by 15%. This growth indicates strong market activity and potential for continued expansion.
Additionally, European equities also demonstrated a notable increase of 16%, despite a slight decrease in European options and futures volumes. These metrics suggest a healthy demand for Nasdaq’s offerings across different regions, supporting the positive outlook. Jeff Schmitt’s analysis reflects confidence in Nasdaq’s ability to capitalize on these trends and deliver value to investors.
In another report released on November 24, Piper Sandler also maintained a Buy rating on the stock with a $104.00 price target.