Nasdaq Inc
NDAQ: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$18.00 | Nddnps | Tjzpflh |
Nasdaq: Increasing Our Fair Value Estimate for Nasdaq
We are increasing our fair value estimate for Nasdaq to $60 from $55, which is equivalent to 28 times our projected 2024 earnings. Around $1 of our positive adjustment comes from earnings since our last update. The rest of the increase comes from higher near- to medium-term revenue growth projections as Nasdaq benefits from improving market conditions and strong secular growth in its new software businesses.