Nasdaq Inc sees potential upside despite declining ownership stakes
Morgan Stanley has maintained an Equal-Weight rating for Nasdaq Inc – 144A (NASDAQ:NDAQ) on Thursday, projecting a one-year price target of $60.77. This indicates a potential upside of 21.87% from the recent closing price of $49.87.
Despite a decrease in institutional ownership to 412,034K shares, the put/call ratio of 0.81 suggests a bullish sentiment. Key stakeholders like Investor Ab and Massachusetts Financial Services have seen their ownership decrease by 20.86% and 14.05%, respectively. Similarly, portfolio allocations for Vanguard Total Stock Market Index Fund Investor Shares and Capital World Investors have decreased by 15.14% and 44.18%, respectively.
The company’s projected annual revenue stands at $3,809 million, marking a decrease of 37.61%. The non-GAAP EPS is forecasted at 2.86 for the upcoming financial year.
