Credit Suisse Reiterates a Buy Rating on Nasdaq, Inc.

By Jason Carr

In a report issued on November 18, Christian Bolu from Credit Suisse reiterated a Buy rating on Nasdaq, Inc. (NASDAQ: NDAQ), with a price target of $70. The company’s shares opened today at $66.11.

According to TipRanks.com, Bolu is a 4-star analyst with an average return of 10.4% and a 71.9% success rate. Bolu covers the Financial sector, focusing on stocks such as Raymond James Financial, Stifel Financial Corp., and Evercore Partners Inc.

Nasdaq, Inc. has an analyst consensus of Moderate Buy, with a price target consensus of $73.

Nasdaq, Inc.’s market cap is currently $10.88B and has a P/E ratio of 23.11. The company has a book value ratio of 1.8906.

Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is neutral on the stock. Most recently, in August 2016, Pc Nelson Griggs, the EVP of NDAQ sold 2,945 shares for a total of $210,626.

Nasdaq, Inc. is a holding company. It delivers trading, clearing, exchange technology, regulatory, securities listing and public company services across six continents. The company’s global offerings include trading and clearing house across multiple asset classes, market data products, financial indexes, capital formation solutions, financial services and market technology products and services. It operates in four segments: Market Services, Listing Services, Information Services and Technology Solutions. The Market Services segment includes equity derivative trading and clearing, cash equity trading, fixed income, currency and commodities trading and clearing, and access and broker services businesses. The Listing Services segment operates variety of listing platforms around the world to provide multiple global capital raising solutions for private and public companies. The Information Services segment includes Data Products and Index Licensing and Services businesses. The Technology Solutions segment includes corporate solutions and market technology businesses. The company was founded by Gordon S. Macklin in 1971 and is headquartered in New York, NY.