Nasdaq Upgraded to Buy as EPS Growth Outlook Stren…
From Financial Modeling Prep: 2025-01-08 08:52:00
Deutsche Bank analysts upgraded Nasdaq OMX Group (NASDAQ:NDAQ) to Buy from Hold, with a price target of $98, citing confidence in double-digit EPS growth from 2025-2027. After limited growth in recent years, the Adenza acquisition is expected to boost earnings, setting Nasdaq apart from peers with single-digit growth projections.
The upgrade reflects increased confidence in Nasdaq’s ability to achieve consistent double-digit EPS growth over the 2025-2027 forecast horizon, distinguishing it from its peers in the securities exchange sector. After several years of limited EPS expansion, Nasdaq is now positioned to accelerate its earnings trajectory, with the Adenza deal expected to be a long-term growth catalyst.
Analysts project Nasdaq’s EPS growth to outperform its peers through 2025 and 2026, highlighting its strategic advantages in the exchange sector. The Adenza acquisition, completed in late 2023, is expected to contribute significantly to Nasdaq’s financial performance over time, transitioning from a short-term drag to a long-term growth driver.
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