Nasdaq (NASDAQ:NDAQ) Target Raised by Rosenblatt Securities to $220.00

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Nasdaq stock has undergone multiple analysts rating changes in the recent past.  Nasdaq stock Target Raised by Rosenblatt Securities on 10/21/2021. In a note to investors, the firm issued a new target price of $220.00. The analysts previously had $210.00 target price. Rosenblatt Securities’s price target would indicate a potential upside of 9.04% from the stock’s previous close.

Shares of Nasdaq traded down -$0.30 on Thursday, reaching $198.86. 1284541 shares of the stock traded hands, compared to its average volume of 822403. On Thursday, Shares of Nasdaq closed at $198.86. The firm’s 50 day moving average is $194.99 and its 200 day moving average is $168.75.Nasdaq  has a 12 month low of $119.76 and a 12 month high of $209.80. While on yearly highs and lows, Nasdaq today has traded high as $201.95 and has touched $196.66 on the downward trend.

Nasdaq Earnings and What to expect: 

Nasdaq last released its quarterly earnings data on October 19th, 2021. The financial services provider reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. The firm earned $838 million during the quarter, compared to the consensus estimate of $833.05 million. Its revenue was up 17.2% compared to the same quarter last year. Nasdaq has generated $6.18 earnings per share over the last year ($6.75 diluted earnings per share) and currently has a price-to-earnings ratio of 29.5. Earnings for Nasdaq are expected to grow by 3.68% in the coming year, from $7.34 to $7.61 per share. Nasdaq has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, January 26th, 2022 based off prior year’s report dates.

Earnings for Nasdaq are expected to grow by 3.68% in the coming year, from $7.34 to $7.61 per share. The P/E ratio of Nasdaq is 29.46, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.24. The P/E ratio of Nasdaq is 29.46, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 15.00. Nasdaq has a P/B Ratio of 5.07. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Nasdaq (NASDAQ:NDAQ) Moving Average Technical Analysis

5 day Moving Average is $$202.68 And 5 day price change is -$1.78 (-0.89%)  with average volume for 5 day average is 1,220,840. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $197.25 and 20 day price change is $3.28 (1.68%) and average 20 day moving volume is 952,295. 50 day moving average is $194.99  and 50 day price change is $9.54 ( 5.04%)  and with average volume for 50 days is : 715,930. 200 day moving average is $168.75  and 200 day price change is $63.46 (46.87%)  and with average volume for 200 days is : 792,714.

Other owners latest trading in Nasdaq :

  • On 10/21/2021 shares held by Total Clarity Wealth Management Inc. were 300 which equates to market value of $58K and appx 0.00% owners of Nasdaq
  • On 10/21/2021 shares held by Hotaling Investment Management LLC were 14,167 which equates to market value of $2.74M and appx 1.10% owners of Nasdaq
  • On 10/21/2021 shares held by Crossmark Global Holdings Inc. were 8,173 which equates to market value of $1.58M and appx 0.00% owners of Nasdaq
  • In total Institutional ownership equates to Institutional Ownership Percentage: 71.40% for Nasdaq

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