William Blair analyst Jeff Schmitt has maintained their bullish stance on NDAQ stock, giving a Buy rating on October 17.
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Jeff Schmitt has given his Buy rating due to a combination of factors, including Nasdaq’s impressive financial performance in the recent quarter. The company reported an adjusted EPS of $0.88, surpassing both the consensus estimate of $0.85 and the firm’s own projection of $0.83. This outperformance was primarily driven by robust growth in the Financial Technology sector and the enduring strength of its traditional exchange operations, which benefited from market volatility.
Moreover, Nasdaq’s revenue growth was strong across all segments, with solutions revenues increasing by 11%. The company demonstrated effective expense management, operating leverage, and capital management, contributing to a 19% rise in EPS. The ongoing expansion in Financial Technology, particularly with the integration of agentic AI into Verafin, is expected to sustain its momentum into the next quarters. Additionally, the index business and Market Services are experiencing significant growth, further supporting the company’s positive outlook and setting it apart from its peers with an anticipated EPS growth of 21% for 2025.
In another report released on October 17, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $101.00 price target.