In a recent analyst update, Redburn Atlantic has upgraded its stance on Nasdaq (NDAQ, Financial) from Neutral to Buy, despite adjusting its price target slightly downwards from $93 to $91. This shift comes amid current market volatility and concerns over a potential technology stock selloff, which Redburn sees as an opportunity for investors.
The financial firm highlights that Nasdaq's share price has already factored in potential hindrances, including challenges in the technology sector, stagnation in the initial public offering market, and a deceleration risk in its enterprise software solutions. Nevertheless, Redburn remains optimistic about Nasdaq's long-term potential, suggesting that the company is likely to maintain a steady pattern of double-digit earnings growth.
Redburn advises investors to consider the current valuation of Nasdaq as a strategic entry point to capitalize on the company's structural growth opportunities over the longer term, despite the anticipated headwinds.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 16 analysts, the average target price for Nasdaq Inc (NDAQ, Financial) is $82.38 with a high estimate of $105.00 and a low estimate of $55.00. The average target implies an upside of 14.90% from the current price of $71.69. More detailed estimate data can be found on the Nasdaq Inc (NDAQ) Forecast page.
Based on the consensus recommendation from 19 brokerage firms, Nasdaq Inc's (NDAQ, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Nasdaq Inc (NDAQ, Financial) in one year is $43.91, suggesting a downside of 38.75% from the current price of $71.69. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Nasdaq Inc (NDAQ) Summary page.
