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Nasdaq Inc sees potential upside despite declining ownership stakes

EditorAmbhini Aishwarya
Published 12/10/2023, 04:16 pm
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Morgan Stanley (NYSE:MS) 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.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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