NasdaqGS:NDAQCapital Markets
Nasdaq (NDAQ) Stock Could Be 10% Overvalued Following Strong Q2 Earnings
Nasdaq stock has almost doubled over the past three years, yet the current checks flag it as looking expensive, with both the intrinsic value estimate from the Excess Returns model and traditional earnings multiples pointing to a premium price.
Nasdaq has returned 99.1% over the past three years, which puts extra focus on whether recent gains already reflect much of the good news in the business.
Expectations around continued demand for Nasdaq's market technology and capital access services...