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Nasdaq, Inc.
NDAQ Details
Nasdaq, Inc. (NASDAQ: NDAQ) is a multinational technology company focusing on capital markets and other sectors. Clients can confidently optimise and execute their business visions because of its complete range of data, analytics, software, and services. The four business segments it controls, operate and delivers products and services are Market Services, Corporate Platforms, Investment Intelligence, and Market Technology.
Latest News:
Q1 FY23 Results:
(Source: Company Filings)
(Source: Company Filings)
2022 Expense and Tax Guidance Update:
Key Risks:
Valuation Methodology: Price to Earnings Per Share-based Relative Valuation
(Source: REFINITIV, Analysis by Kalkine Group)
*% Premium/(Discount) is based on our assessment of the company’s NTM trading multiple after considering its key growth drivers, economic moat, stock's historical trading multiples versus peer average/median, and investment risks.
Stock Recommendation:
NDAQ has a well-defined strategy for realising its unique ESG potential. Anti-money laundering, environmental, social, and governance (ESG), indexing, and investment analytics are among the key secular growth industries that the company is positioned to service. Furthermore, the company's strategy's progress on key measures confirms trust in the company's strategy. NDAQ’s stock price has fallen 23.39% in the past six months and is leaning towards the lower of its 52-week range of USD 214.96 to USD 140.31.
Based on the correction in stock price, top-line performance, healthy free cash flows, strategic growth of the company, associated risks, and current valuation, we recommend a "Buy" rating on the stock at the current market price of USD 153.10, as of June 03, 2022, at 08:15 AM PDT.
1 Year Technical Price Chart (as of June 03, 2022, at 08:15 AM PDT). Source: REFINITIV, Analysis by Kalkine Group
Technical Summary Analysis
Technical Indicators Defined: -
Support: A level where-in the stock prices tend to find support if they are falling, and downtrend may take a pause backed by demand or buying interest.
Resistance: A level where-in the stock prices tend to find resistance when they are rising, and uptrend may take a pause due to profit booking or selling interest.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
Note 1: The reference data in this report has been partly sourced from REFINITIV.
Note 2: Investment decision should be made depending on the investors' appetite on upside potential, risks, holding duration, and any previous holdings. Investors can consider exiting from the stock if the Target Price mentioned as per the valuation has been achieved and subject to the factors discussed above.
Note 3: The report publishing date is as per the Pacific Time Zone.