Nasdaq, Inc.’s Stock Price Soars to $73.48, Marking a Robust 2.93% Uptick in Performance

Nasdaq, Inc. (NDAQ)

73.48 USD +2.09 (+2.93%) Volume: 3.17M

Nasdaq, Inc.’s stock price is currently riding high at 73.48 USD, showcasing a positive surge of +2.93% in today’s trading session with a robust trading volume of 3.17M. With an impressive YTD percentage change of +26.38%, NDAQ continues to demonstrate strong financial performance and growth potential, making it a noteworthy consideration for investors.

Latest developments on Nasdaq, Inc.

Today, Nasdaq Inc faced a shaky day of trading, with the composite index closing down 52.20 points. However, despite the losses, Nasdaq received a rare double-upgrade to Buy at BofA, citing data and software growth potential. Analysts believe that the IPO rebound and FinTech growth are helping to boost Nasdaq’s stock price. Additionally, Nasdaq ESG Solutions collaborated with Crux to unlock value through clean energy tax credit transactions, further enhancing investor interest. Despite the overall market uncertainty, Nasdaq Inc continues to outperform competitors, showcasing resilience in the face of challenges.

Nasdaq, Inc. on Smartkarma

Analysts on Smartkarma, like Dimitris Ioannidis, are closely monitoring Nasdaq Inc‘s recent $2.7bn secondary offering. This offering is expected to have significant implications on global indices, with a forecasted passive fund demand of approximately $368m at the market close of August 1. The offering, which involves Nasdaq’s major strategic shareholder Thoma Bravo offering almost half of its stake, is anticipated to trigger intra-quarter implementations for both main global indices to be announced on July 30 and effective on August 1.

The total forecasted passive fund demand for Nasdaq Inc is estimated to be around 5.3m shares, equivalent to $368m and 1.8 ADV. Analysts are keeping a bullish sentiment on the company as they anticipate a free float increase due to the offering. This research report provides valuable insights for investors looking to understand the potential impact of Nasdaq Inc‘s $2.7bn offering on the global index landscape.

A look at Nasdaq, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

According to Smartkarma Smart Scores, Nasdaq Inc has a positive long-term outlook. The company received high scores in Momentum, Growth, and Resilience, indicating strong potential for future performance. With its global stock exchange operations and a range of services including trading, clearing, and exchange technology, Nasdaq Inc is positioned for continued growth and stability in the market.

While Nasdaq Inc received average scores in Value and Dividend, its overall outlook remains favorable due to the high scores in key factors like Momentum and Growth. As a provider of regulatory and securities listing services worldwide, Nasdaq Inc is well-positioned to capitalize on market opportunities and maintain its resilience in the face of economic fluctuations. Investors may find Nasdaq Inc to be a promising investment option based on its Smartkarma Smart Scores.

Summary: Nasdaq, Inc. operates a global stock exchange. The Company provides trading, clearing, exchange technology, regulatory, securities listing, and information services. Nasdaq offers its services worldwide.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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