BofA raises Nasdaq PT citing index revenue and pricing tailwinds

** BofA Global Research raises PT on transatlantic exchange operator Nasdaq NDAQ.O to $105 from $103

** Cites index revenue and pricing tailwinds

** "Based on our trackers, average AUM linked to Nasdaq indices is up 5% QoQ while Nasdaq-100 futures volume is up 38% QoQ. This should support a 6% sequential increase in index revenue," says brokerage

** Says that an abnormally large price hike of ~5% will more than offset a seasonal delisting headwind of ~4% QoQ

** Fourteen of 19 brokerages rate stock "buy" or higher, and 5 "hold"; median PT is $90 - LSEG data

** Including session moves, NDAQ stock down 1.3% YTD compared to a 4.2% decline in the S&P 500 .SPX