NDAQ

Nasdaq, Inc. Common Stock

$86.65

+1.76%
Apr 2, 2026
Bobby Quantitative Model
Nasdaq, Inc. operates a leading equity exchange and provides financial data, indexes, and listing services. The company is a major player in financial data and exchanges, strategically expanding into financial technology through acquisitions to become a diversified technology provider.

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NDAQ 12-Month Price Forecast

Historical Price
Current Price $86.65
Average Target $86.65
High Target $99.6475
Low Target $73.6525

Wall Street consensus

Most Wall Street analysts maintain a constructive view on Nasdaq, Inc. Common Stock's 12-month outlook, with a consensus price target around $112.65 and implied upside of +30.0% versus the current price.

Average Target

$112.65

2 analysts

Implied Upside

+30.0%

vs. current price

Analyst Count

2

covering this stock

Price Range

$69 - $113

Analyst target range

Buy
0 (0%)
Hold
1 (50%)
Sell
1 (50%)

Wall Street analyst coverage for Nasdaq is limited based on the provided data, with only two analysts contributing to estimates. The consensus estimated EPS for the period is $5.90, with a range from $5.66 to $6.05. Estimated revenue is $7.23 billion. Recent institutional ratings from firms like TD Cowen, JP Morgan, and Morgan Stanley are predominantly positive, with actions including 'Buy', 'Overweight', and 'Outperform'.

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NDAQ Technical Analysis

The stock's overall trend over the past six months has been volatile but negative, with a 6-month price change of -2.81%. It reached a peak near $101 in late December 2025 before a significant correction, including a sharp drop in early February 2026. Short-term performance has been weak, with the stock down 3.07% over the past month and down 12.60% over the past three months. This underperforms the broader market, as indicated by negative relative strength figures of -7.97% over three months. The current price of $84.89 sits near the middle of its 52-week range of $64.84 to $101.79, representing a recovery from recent lows but still significantly below its high. The stock has shown positive relative strength versus the market over the past month (+2.18%), suggesting some stabilization.

Beta

1.03

1.03x market volatility

Max Drawdown

-21.8%

Largest decline past year

52-Week Range

$65-$102

Price range past year

Annual Return

+10.7%

Cumulative gain past year

PeriodNDAQ ReturnS&P 500
1m-0.9%-3.6%
3m-10.4%-4.0%
6m-1.1%-2.0%
1y+10.7%+16.2%
ytd-10.4%-3.8%

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NDAQ Fundamental Analysis

Revenue growth has been positive, with Q4 2025 revenue of $2.08 billion representing a 2.46% year-over-year increase. Profitability has improved notably, as the Q4 2025 net margin expanded to 24.95% from 17.49% in Q4 2024, driven by a significant jump in gross margin to 66.92%. Financial health is solid, with a debt-to-equity ratio of 0.81 indicating moderate leverage. The company maintains a strong cash position, with free cash flow over the trailing twelve months of $1.99 billion, supporting shareholder returns through dividends and buybacks. Operational efficiency is robust, with a Return on Equity (ROE) of 14.63% and a Return on Assets (ROA) of 5.06%. The current ratio of 1.01 indicates adequate short-term liquidity to cover obligations.

Quarterly Revenue

$2.1B

2025-12

Revenue YoY Growth

+0.02%

YoY Comparison

Gross Margin

+0.66%

Latest Quarter

Free Cash Flow

$2.0B

Last 12 Months

Revenue & Net Income Trends (2 Years)

Revenue Breakdown

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Valuation Analysis: Is NDAQ Overvalued?

Given the company's positive net income, the primary valuation metric is the Price-to-Earnings (P/E) ratio. The trailing P/E ratio is 30.98, while the forward P/E is 19.29 based on analyst EPS estimates. The PEG ratio of 0.51 suggests the stock may be undervalued relative to its earnings growth prospects. Peer comparison data is not available in the provided inputs. Other valuation metrics include a Price-to-Sales (P/S) ratio of 6.75 and an EV/EBITDA of 20.64, which provide additional context for the company's market pricing.

PE

31.0x

Latest Quarter

vs. Historical

Mid-Range

5-Year PE Range 20x~40x

vs. Industry Avg

N/A

Industry PE ~N/A*

EV/EBITDA

20.6x

Enterprise Value Multiple

Investment Risk Disclosure