Nasdaq, Inc.

(NASDAQ Global Select)
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Bullish +75

Nasdaq Stock: Analyst Estimates & Ratings

Analyst upgrade Earnings report AI-generated analysis

πŸ“ˆ NDAQ shares rose 7.5% after reporting strong third-quarter results with net revenue increasing 13% year-over-year to $1.48 billion.

πŸ’° Solutions revenue grew 17% to $1.17 billion, while adjusted EPS climbed 18.2% to $1.04 on a year-over-year basis.

πŸ“Š Annualized recurring revenue reached a record $3.4 billion, reflecting a 12% increase compared to the prior year.

πŸ‘ Analyst consensus is "Strong Buy" with 14 out of 21 analysts rating the stock as such, surpassing estimates for four consecutive quarters.

πŸš€ Goldman Sachs raised its price target to $120 from $109, citing strong FinTech growth and increasing demand for market data.

πŸ€– Goldman expects AI-driven efficiencies and operating leverage to support margins despite higher near-term expenses.

🎯 The Street-high price target of $135 implies a 23.1% upside from current levels according to analyst consensus.

Bullish Signals
  • NDAQ shares rose 7.5% following the delivery of strong third-quarter results with net revenue increasing 13% year-over-year to $1.48 billion.
  • Solutions revenue grew 17% to $1.17 billion, demonstrating robust growth in its financial technology business segment.
  • Adjusted EPS climbed 18.2% to $1.04, and the company has surpassed consensus estimates for each of the last four quarters.
  • Annualized recurring revenue reached a record $3.4 billion, up 12% year over year, strengthening the recurring revenue base.
  • The analyst consensus is "Strong Buy" with 14 out of 21 analysts issuing this rating, indicating high confidence in the stock.
  • Goldman Sachs raised its price target to $120 from $109 while maintaining a "Buy" rating on the company.
  • Goldman Sachs cites strong FinTech annual recurring revenue growth and increasing demand for market data as key growth drivers.
Full Analysis
Nasdaq, Inc. (NDAQ) reported strong third-quarter results for the fiscal year ending in December 2026, with shares rising 7.5% following the announcement. The company delivered net revenue of $1.48 billion, representing a 13% year-over-year increase, while solutions revenue grew by 17% to reach $1.17 billion. Adjusted earnings per share climbed 18.2% to $1.04, and the firm's annualized recurring revenue hit a record $3.4 billion, up 12% from the prior year. Analyst sentiment remains highly bullish for NDAQ, with a consensus rating of "Strong Buy" among 21 Wall Street analysts covering the stock. The configuration has improved compared to the previous month, featuring 14 "Strong Buy" ratings alongside three "Moderate Buys" and four "Holds." For the current fiscal year, analysts project EPS growth of 19.3% to $4.15 on a diluted basis, marking the fourth consecutive quarter where the company has surpassed consensus estimates. Goldman Sachs recently raised its price target on NDAQ to $120 from $109 while maintaining a "Buy" rating, citing strong FinTech annual recurring revenue growth and increasing demand for market data as key drivers. The firm notes that although higher near-term expenses may impact profitability, AI-driven efficiencies are expected to support margins over time. The current mean price target of $116 suggests 5.8% upside, while the Street-high target of $135 implies a robust 23.1% upside from current levels.