Deutsche Bank analyst Brian Bedell raised the firm’s price target on Nasdaq (NDAQ) to $80 from $78 and keeps a Hold rating on the shares. Following the U.S. elections, the firm made several updates to its macro assumptions in its brokers, asset managers and exchanges models. Deutsche views the macro backdrop into at least 2025 as potentially fostering greater capital markets activity, with at least average positive equity market returns, supported by fiscal stimulus and potentially lighter regulation. This said, some policies, such as tariff enactment, may pose greater inflationary risks that may restrain the level of interest rate cuts, and also drive at least modestly higher long-term bond yields, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on NDAQ:
- The Week That Was, The Week Ahead: Macro & Markets, November 10, 2024
- 3 Economic Events that Could Affect Your Portfolio This Week, November 11-15, 2024
- U.S. Federal Reserve Lowers Interest Rates by 25-Basis Points
- Nasdaq price target raised to $82 from $76 at Argus
- The Week That Was, The Week Ahead: Macro & Markets, November 3, 2024
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
