Market Analysts see Nasdaq Inc [NDAQ] gaining to $76. Time to buy?

Nasdaq Inc [NASDAQ: NDAQ] gained 0.10% or 0.06 points to close at $60.07 with a heavy trading volume of 2348620 shares.

The daily chart for NDAQ points out that the company has recorded 20.31% gains over the past six months.

If we look at the average trading volume of 3.25M shares, NDAQ reached to a volume of 2348620 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Nasdaq Inc [NDAQ]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NDAQ shares is $68.20 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NDAQ stock is a recommendation set at 2.11. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Barclays have made an estimate for Nasdaq Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on April 11, 2024. While these analysts kept the previous recommendation, Morgan Stanley raised their target price from $59 to $80. The new note on the price target was released on April 09, 2024, representing the official price target for Nasdaq Inc stock.

The Average True Range (ATR) for Nasdaq Inc is set at 1.23, with the Price to Sales ratio for NDAQ stock in the period of the last 12 months amounting to 5.70. The Price to Book ratio for the last quarter was 3.19, with the Price to Cash per share for the same quarter was set at 0.82. Price to Free Cash Flow for NDAQ in the course of the last twelve months was 22.49.

Trading performance analysis for NDAQ stock

Nasdaq Inc [NDAQ] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.74. With this latest performance, NDAQ shares dropped by -3.83% in over the last four-week period, additionally plugging by 20.31% over the last 6 months – not to mention a rise of 8.02% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NDAQ stock in for the last two-week period is set at 45.25, with the RSI for the last a single of trading hit 38.51, and the three-weeks RSI is set at 49.05 for Nasdaq Inc [NDAQ]. The present Moving Average for the last 50 days of trading for this stock 59.27, while it was recorded at 60.36 for the last single week of trading, and 54.28 for the last 200 days.

Nasdaq Inc [NDAQ]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Nasdaq Inc posted 0.69/share EPS, while the average EPS was predicted by analysts to be reported at 0.66/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 4.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NDAQ. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Nasdaq Inc go to 7.95%.

An analysis of Institutional ownership at Nasdaq Inc [NDAQ]

The top three institutional holders of NDAQ stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in NDAQ stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in NDAQ stock with ownership which is approximately 5.8386%.