Nasdaq Inc (NASDAQ:NDAQ) reported strong earnings results for the third quarter.
Revenue increased 6% Y/Y to $940 million, beating the consensus of $930.25 million. Adjusted EPS of $0.71 per share, up 4% Y/Y, beat the Street view of $0.68.
Nasdaq declared a regular quarterly dividend per share of $0.22, payable on December 22, 2023, to shareholders of record as of December 8, 2023.
Nasdaq shares fell 0.2% to trade at $51.83 on Thursday.
These analysts made changes to their price targets on Nasdaq following earnings announcement.
- Morgan Stanley increased the price target on Nasdaq from $54 to $55. Morgan Stanley analyst Michael Cyprys maintained an Equal-Weight rating.
- JP Morgan raised the price target on Nasdaq from $62 to $63. JP Morgan analyst Michael Cho maintained an Overweight rating.
- Oppenheimer analyst Owen Lau reiterated Nasdaq with an Outperform and maintained a $65 price target.
- Rosenblatt analyst Andrew Bond reiterated the stock with a Buy and maintained a price target of $82.
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