Nasdaq (NDAQ) Initiated with a Buy at Barclays

In a report released today, Benjamin Budish from Barclays initiated coverage with a Buy rating on Nasdaq (NDAQ – Research Report) and a price target of $76.00. The company’s shares closed yesterday at $63.01.

Budish covers the Financial sector, focusing on stocks such as Coinbase Global, Blackstone Group, and Interactive Brokers. According to TipRanks, Budish has an average return of 4.4% and a 64.57% success rate on recommended stocks.

In addition to Barclays, Nasdaq also received a Buy from Morgan Stanley’s Michael Cyprys in a report issued on April 9. However, on April 5, Deutsche Bank maintained a Hold rating on Nasdaq (NASDAQ: NDAQ).

The company has a one-year high of $64.25 and a one-year low of $46.52. Currently, Nasdaq has an average volume of 3.21M.

Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NDAQ in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Nasdaq (NDAQ) Company Description:

Founded in 1971, New York-based Nasdaq, Inc. is a multinational financial services corporation that serves capital markets and other industries worldwide. It operates through the following segments: Market Services, Corporate Services, Information Services and Market Technology.