NDAQ
Same song, same target
Piper Sandler isn’t changing the tune on Nasdaq. Analyst Patrick Moley kept the stock at Buy and left the price target parked at $104, which is basically Wall Street’s way of saying, “Yeah, we still like this one.”
Why you should care
When an exchange operator like Nasdaq gets a bullish reaffirmation, it usually signals the market still sees a healthy mix of trading activity, data revenue, and financial-market plumbing doing its thing behind the scenes. It’s not flashy, but boring can be beautiful when you’re getting paid for it.
The fine print
- Firm: Piper Sandler
- Analyst: Patrick Moley
- Rating: Buy
- Target: $104
TipRanks says Moley’s track record has a 72% success rate and an average return of 31.8% over the past year, so this isn’t exactly coming from a random keyboard warrior with a price chart and a dream.
Big picture
A reiterated Buy rating won’t spark fireworks on its own, but it can help keep sentiment steady. For a market infrastructure name like Nasdaq, that steady drumbeat is often the whole game.