Business CompositionManagement has assembled a collection of wide-moat and high-growth businesses in software and information services.
Market PerceptionAnalysts are bullish on the transformational story as Nasdaq continues to shift into higher quality, more recurring revenue streams.
Revenue GrowthTaking a step back, 2Q results are supportive of the bull case for NDAQ, with the firm’s highest-multiple businesses (Fin Tech and Index) delivering solid 16% and 29% YoY revenue growth.