Raymond James Upgrades Nasdaq Outlook: Analyst Predictions Show Potential Growth
Analysts Forecast Positive Movement for Nasdaq Shares
On October 14, 2024, Raymond James raised its outlook on Nasdaq (LSE:0K4T) from Market Perform to Outperform.
Expected Price Increase of 3.76% from Current Levels
As of September 25, 2024, analysts predict an average one-year price target for Nasdaq at 74.75 GBX per share. Predictions vary, with a low of 54.59 GBX and a high of 94.59 GBX. This average target suggests a potential rise of 3.76% from the latest closing price of 72.04 GBX per share.
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Projected Revenue and Earnings Overview
The anticipated annual revenue for Nasdaq stands at 3,987 MM, reflecting a notable decrease of 39.29%. The projected annual non-GAAP EPS is anticipated to be 2.98.
What is Fund Sentiment Around Nasdaq?
A total of 1,456 funds or institutions currently report holding positions in Nasdaq, marking a decline of 19 entities or 1.29% over the last quarter. The average portfolio allocation of these funds dedicated to 0K4T is now 0.32%, up by 2.13%. In the past three months, institutional ownership increased by 2.17%, totaling 540,890K shares.
Current Actions by Major Shareholders
Thoma Bravo maintains ownership of 85,608K shares, which constitutes 14.86% of the company, with no change over the last quarter.
Investor Ab holds 58,182K shares, representing 10.10% ownership, also remaining unchanged.
Massachusetts Financial Services owns 20,884K shares or 3.63% of the company. This is down from 21,224K shares, a decrease of 1.62%, reflecting an 85.16% reduction in their portfolio allocation in 0K4T over the last quarter.
Wellington Management Group LLP has increased its holdings to 14,749K shares, accounting for 2.56% of the company, up from 10,693K shares—an impressive 27.50% increase, although they reduced their portfolio allocation by 81.30% last quarter.
MEIAX – MFS Value Fund A reports 14,025K shares held, which equals 2.44% ownership, down slightly from 14,319K shares, reflecting a 2.10% decrease while increasing their portfolio allocation by 2.45% in 0K4T over the last quarter.
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This information was originally published on Fintel.
The views and opinions expressed herein belong to the author and do not necessarily represent those of Nasdaq, Inc.
