With the 2024 U.S. presidential election approaching, investors are on edge, anticipating how potential policy changes could shake up the markets. However, while electric vehicle (EV) stocks and steel producers are drawing plenty of focus, one stock with potential election-related upside that many investors might be overlooking is Nasdaq, Inc. (NDAQ), the powerhouse behind the Nasdaq Stock Market.
According to Bank of America Securities analyst Craig Siegenthaler, a recovery in IPO listings after the presidential election could be a boon for the exchange operator. But even more compelling, said the analyst in his recent double-upgrade of the stock, is the fact that NDAQ is still valued like a bargain-priced exchange operator, even as the trading business accounts for only 19% of its revenue.
