Nasdaq's (NDAQ) Q2 results are "good overall" as its core earnings per share of $0.84 topped the consensus of $0.80, Deutsche Bank said in a report Friday.
The bank said Nasdaq also delivered broad-based revenue beats compared with Deutsche Bank's estimates and consensus.
Deutsche Bank said the longer-term effect of trade policies continues to be uncertain, but the "strong performance" of recent listings has boosted optimism on the initial public offering outlook for H2 and into next year.
The bank also noted management's optimism on listing and data revenue.
Deutsche Bank lifted its price target on Nasdaq to $105 from $97, with a buy rating.
Price: 93.70, Change: +0.20, Percent Change: +0.21
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