BofA Securities analysts issued a double upgrade to Nasdaq (NDAQ) stock — the owner-operator of the Nasdaq stock exchange (^IXIC) — raising it from Underperform to a Buy rating. The team also raised Nasdaq's price target to $90 per share.

Julie Hyman and Josh Lipton break down the analyst call on Nasdaq, which has seen year-to-date gains of 30% in 2024.

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This post was written by Luke Carberry Mogan.