Oppenheimer raised the firm’s price target on Nasdaq (NDAQ) to $108 from $101 and keeps an Outperform rating on the shares. The firm notes the company delivered solid results with beat on revenue particularly from FinTech. While FY25 adjusted opex guidance range was raised by $20M in mid-point, it was all driven by FX. As there is increasing regulatory clarity, Oppenheimer believes professional services revenue could start to improve in Q4 2025. Strength of equities market and IPO recovery also support the company’s outlook.
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