01:05 PM EDT, 07/24/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We increase our 12-month target price by $25 to $120, applying a forward P/E of 32.2x our 2026 EPS estimate, above NDAQ's five-year average forward P/E of 23.0x, given continued wins in financial crime and Index momentum. We increase our 2025 EPS estimate by $0.12 to $3.36 and bump up 2026's by $0.11 to $3.73. NDAQ experienced a strong 1H25, with heightened market volatility and tariff uncertainty driving a significant increase in trading volumes. Looking forward, the company is well positioned to benefit from improving capital market activity. We are increasingly confident that revenue from Data and Listing Services will rebound, spurred by a series of successful large IPOs that signal a healthier environment for companies to go public. Critically, NDAQ is managing its expanding scale with impressive efficiency. This is evidenced by its operating margin expansion of 100 bps in 2023 and 80 bps in 2024, and we forecast this trend will accelerate with a further 150 to 200 bps of improvement in 2025.