RBC Capital analyst Ashish Sabadra initiated coverage of Nasdaq with an Outperform rating and $88 price target. The firm believes that the company’s solutions should sustain double-digit revenue growth, driven by strong secular trends, cross-sell/ up-sell initiatives, and penetration opportunities in Financial Technology, the analyst tells investors in a research note. The recovery in capital markets activity should also sustain accelerated growth for Nasdaq’s Capital Access Platform, RBC added.
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