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On Thursday, Citi analysts adjusted their outlook on Nasdaq OMX Group Inc. (NASDAQ: NDAQ), increasing the price target from $75.00 to $80.00 while maintaining a Neutral rating on the stock. According to InvestingPro data, 11 analysts have recently revised their earnings estimates upward, with price targets ranging from $68 to $104. The modification followed Nasdaq’s announcement of first-quarter results that aligned with expectations and a confirmation of the fiscal year 2025 revenue forecasts for most of its solutions businesses.
Nasdaq experienced a modest uptick after reporting its quarterly earnings, with the stock currently trading at $74.74, representing a 21.16% return over the past year. The company highlighted several new client acquisitions and upsells within its Financial Technology segment, where it continues to see robust pipelines. Despite these positive developments, the current market volatility is causing some delays in sales cycles, especially in the Calypso technology solutions, and is anticipated to pose challenges in the near term. InvestingPro analysis shows the company maintains strong financial health with a ’GOOD’ overall rating, supported by impressive revenue growth of 22.03% over the last twelve months.
Additionally, the downturn in the market at the beginning of the second quarter is expected to reduce index assets under management (AUM). The lower end of Nasdaq’s expense guidance was raised to reflect the strong top-line performance seen in the first quarter, with the company maintaining a healthy gross profit margin of 62.82%.
The report also mentioned that while merger and acquisition activities seem to be on pause, Nasdaq is focusing on organic growth and reducing debt. The analysts expressed a positive outlook on Nasdaq’s long-term prospects but believe that the current risk/reward balance does not favor immediate investment. They suggested that potential investors might look for a more favorable point of entry.
The report concluded by noting that the lockup period for approximately 43 million shares held by Thoma Bravo is set to expire on May 1st, which could impact the stock’s performance.
In other recent news, Nasdaq Inc. reported impressive financial results for the first quarter of 2025, surpassing analyst expectations. The company’s earnings per share (EPS) reached $0.79, exceeding the forecasted $0.75, while revenue hit $1.24 billion, beating the anticipated $1.22 billion. This performance was driven by a 12.5% year-over-year increase in net revenue and a 17% rise in operating income. Additionally, Nasdaq’s solutions revenue grew by 11%, contributing to the company’s robust financial health. Analyst firms have noted Nasdaq’s strong market position, with some highlighting the company’s continued focus on organic growth and capital allocation strategies. Despite potential delays in larger client decisions anticipated in the second quarter, Nasdaq remains optimistic about its growth trajectory. The company has also announced an enhanced partnership with AWS, aimed at modernizing market infrastructure and supporting its financial technology division.
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