NasdaqNDAQ
About: Founded in 1971, Nasdaq is primarily known for its equity exchange, but in addition to its market-services business (about 35% of sales), the company sells and distributes market data as well as offers Nasdaq-branded indexes to asset managers and investors through its information-services segment (30%). Nasdaq's corporate-services business (20%) offers listing services and related investor relations products to publicly traded companies and through the company's market technology group (15%), Nasdaq facilitates the exchange operations of other exchanges throughout the world and provides financial compliance services.
Employees: 9,120
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
149% more first-time investments, than exits
New positions opened: 132 | Existing positions closed: 53
44% more funds holding in top 10
Funds holding in top 10: 9 [Q2] → 13 (+4) [Q3]
35% more repeat investments, than reductions
Existing positions increased: 337 | Existing positions reduced: 249
18% more capital invested
Capital invested by funds: $29.1B [Q2] → $34.4B (+$5.35B) [Q3]
11% more funds holding
Funds holding: 745 [Q2] → 824 (+79) [Q3]
0.88% less ownership
Funds ownership: 83.72% [Q2] → 82.84% (-0.88%) [Q3]
10% less call options, than puts
Call options by funds: $76.8M | Put options by funds: $85.1M
Research analyst outlook
20 Wall Street Analysts provided 1 year price targets over the past 3 months
20 analyst ratings
RBC Capital Ashish Sabadra 89% 1-year accuracy 41 / 46 met price target | 8%upside $88 | Outperform Reiterated | 19 Nov 2024 |
Deutsche Bank Brian Bedell 93% 1-year accuracy 37 / 40 met price target | 1%downside $80 | Hold Maintained | 11 Nov 2024 |
Argus Research Kevin Heal 100% 1-year accuracy 5 / 5 met price target | 1%upside $82 | Buy Maintained | 5 Nov 2024 |
TD Cowen Bill Katz 96% 1-year accuracy 25 / 26 met price target | 1%downside $80 | Hold Maintained | 28 Oct 2024 |
Barclays Benjamin Budish 80% 1-year accuracy 59 / 74 met price target | 7%upside $87 | Overweight Maintained | 25 Oct 2024 |
Financial journalist opinion
Based on 11 articles about NDAQ published over the past 30 days
