Are Analysts Expecting A Better 2020 For Nasdaq Inc (NDAQ)?

Nasdaq Inc (NDAQ) concluded trading on Thursday at a closing price of $60.07, with 2.35 million shares of worth about $141.08 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 20.31% during that period and on April 18, 2024 the price saw a gain of about 0.10%. Currently the company’s common shares owned by public are about 575.16M shares, out of which, 383.57M shares are available for trading.

Stock saw a price change of -4.74% in past 5 days and over the past one month there was a price change of -3.83%. Year-to-date (YTD), NDAQ shares are showing a performance of 3.32% which increased to 8.02% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $46.88 but also hit the highest price of $64.25 during that period. The average intraday trading volume for Nasdaq Inc shares is 3.25 million. The stock is currently trading -2.76% below its 20-day simple moving average (SMA20), while that difference is up 1.48% for SMA50 and it goes to 10.78% higher than SMA200.

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Nasdaq Inc (NASDAQ: NDAQ) currently have 575.16M outstanding shares and institutions hold larger chunk of about 54.34% of that.

The stock has a current market capitalization of $34.59B and its 3Y-monthly beta is at 0.94. PE ratio of stock for trailing 12 months is 28.55, while it has posted earnings per share of $2.10 in the same period. Its PEG reads 3.59 while making debt-to-equity ratio of 1.01. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NDAQ, volatility over the week remained 2.10% while standing at 1.89% over the month.

Analysts are in expectations that Nasdaq Inc (NDAQ) stock would likely to be making an EPS of $Compass Digital Acquisition Cor in the current quarter, while forecast for next quarter EPS is $10.74 and it is $Stocks for next year. Stock’s fiscal year EPS is expected to drop by -1.14% while it is estimated to increase by 12.83% in next year. EPS is likely to shrink at an annualized rate of 7.95% for next 5-years, compared to annual growth of 18.00% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on April 11, 2024 offering an Overweight rating for the stock and assigned a target price of $76 to it. Coverage by Morgan Stanley stated Nasdaq Inc (NDAQ) stock as an Overweight in their note to investors on April 09, 2024, suggesting a price target of $80 for the stock. On April 03, 2024, Edward Jones Initiated their recommendations, while on March 26, 2024, Goldman Upgrade their ratings for the stock with a price target of $73. Stock get a Neutral rating from Goldman on December 01, 2023.

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