Nasdaq Inc. (NDAQ) continues to show a solid financial performance, exceeding estimates and reporting strong growth in sectors like
fintech and
index segments. This led to a surge in the market, contributing to the company's record-setting financial results in Q2 2024, with revenue surpassing expectations at $1,159M. The strengthening financials have led to an increase in price targets from analysts at
Oppenheimer and
Keefe, Bruyette & Woods. Despite economic headwinds, including a shaky economy, Nasdaq has managed to maintain hold strategy. Furthermore, bold moves such as the launch of a secondary offering of Nasdaq Common Stock and partnerships to enhance post-trade infrastructure (with FIA Tech) and technology (with IDX) were announced. Aiming for continued growth, Nasdaq is also focusing on strategic growth initiatives and expanding its risk platform in Asia. Insider sales activities by high-ranking executives has been reported, while institutional shareholders control 54% of the company. However, a potential sale of Solovis unit in light of the recent Adenza acquisition has also been reported.
Nasdaq NDAQ News Analytics from Fri, 29 Sep 2023 07:00:00 GMT to Sun, 28 Jul 2024 12:52:39 GMT -
Rating 8
- Innovation 4
- Information 8
- Rumor -2
