RBC Capital raises Nasdaq PT to $108 from $95, maintains Outperform rating.

RBC Capital raises Nasdaq PT to $108 from $95, maintains Outperform rating.

RBC Capital has significantly elevated its price target for Nasdaq (NDAQ) to $108 from $95, while maintaining an Outperform rating on the stock. The analyst, Ashish Sabadra, cited solid new wins, cross-sell, and up-sell momentum as the key drivers for this upward revision. Despite macroeconomic uncertainties, these factors are expected to accelerate annual recurring revenue growth, further boosting Nasdaq's sales performance [1].

The new price target reflects a robust outlook for Nasdaq's financial performance. Analysts have been increasingly optimistic about the company's ability to navigate through challenging economic conditions. This positive sentiment is supported by a series of strong analyst ratings and price target revisions in recent months.

Investors should closely monitor Nasdaq's earnings reports and market performance to gauge the impact of these changes. The company's ability to maintain its momentum in sales and revenue growth will be critical in validating the analyst's optimistic outlook.

References:
1. [1] https://www.tipranks.com/news/the-fly/nasdaq-price-target-raised-to-108-from-95-at-rbc-capital-thefly?mod=mw_quote_news