Nasdaq (NASDAQ:NDAQ) Price Target Raised to $132.00

Nasdaq (NASDAQ:NDAQ) had its target price hoisted by equities research analysts at Morgan Stanley from $118.00 to $132.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Morgan Stanley‘s target price indicates a potential upside of 28.05% from the stock’s previous close.

A number of other analysts have also recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Nasdaq from $120.00 to $122.00 and gave the company an “overweight” rating in a research note on Friday. Barclays set a $121.00 price objective on Nasdaq and gave the company an “overweight” rating in a report on Friday. Bank of America dropped their target price on Nasdaq from $135.00 to $132.00 and set a “buy” rating for the company in a report on Friday, October 2nd. Keefe, Bruyette & Woods raised their target price on Nasdaq from $92.00 to $102.00 and gave the stock a “market perform” rating in a research report on Friday, July 24th. Finally, Zacks Research cut Nasdaq from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 21st. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $112.88.

Nasdaq Stock Performance

NDAQ traded down $0.21 during trading on Friday, reaching $103.08. 1,807,161 shares of the company’s stock were exchanged, compared to its average volume of 3,777,246. Nasdaq has a fifty-two week low of $76.55 and a fifty-two week high of $104.21. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. The business has a 50 day moving average price of $94.75 and a 200 day moving average price of $90.97. The company has a market capitalization of $57.62 billion, a P/E ratio of 30.07, a PEG ratio of 1.73 and a beta of 0.99.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.02. The company had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Nasdaq had a net margin of 22.60% and a return on equity of 18.38%. The business’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.88 EPS. As a group, analysts predict that Nasdaq will post 4.13 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Jeremy Skule sold 1,125 shares of the business’s stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $95.00, for a total transaction of $106,875.00. Following the completion of the transaction, the executive vice president owned 96,561 shares in the company, valued at approximately $9,173,295. The trade was a 1.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nelson Griggs sold 11,010 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $96.35, for a total transaction of $1,060,813.50. Following the sale, the insider owned 205,001 shares in the company, valued at $19,751,846.35. This trade represents a 5.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 26,520 shares of company stock valued at $2,520,957 in the last 90 days. Corporate insiders own 0.60% of the company’s stock.

Institutional Trading of Nasdaq

Institutional investors have recently made changes to their positions in the business. Eastern Bank grew its position in Nasdaq by 168.0% in the third quarter. Eastern Bank now owns 268 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 168 shares in the last quarter. Compass Wealth Management LLC acquired a new position in shares of Nasdaq during the 3rd quarter worth approximately $29,000. Fiduciary Financial Advisors acquired a new stake in shares of Nasdaq in the 2nd quarter valued at approximately $25,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of Nasdaq in the 2nd quarter valued at approximately $37,000. Finally, Signature Equity Partners LLC grew its stake in shares of Nasdaq by 60.3% in the first quarter. Signature Equity Partners LLC now owns 473 shares of the financial services provider’s stock valued at $40,000 after buying an additional 178 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Nasdaq News Roundup

Here are the key news stories impacting Nasdaq this week:

• Positive Sentiment: Q3 earnings beat expectations: Nasdaq reported adjusted EPS of $1.04, above the $1.02 consensus estimate and up from $0.88 a year earlier. Net revenue rose 13% year over year to approximately $1.5 billion, helping trigger a strong post-earnings reaction. Nasdaq Reports Third Quarter 2026 Results
• Positive Sentiment: Recurring revenue and key growth businesses remained strong: Annualized recurring revenue reached a record $3.4 billion, solutions revenue grew 17% to roughly $1.2 billion, and index revenue increased 39%. The results suggest continued momentum in Nasdaq’s higher-margin technology, fintech and index operations. NDAQ Q3 Earnings Beat Estimates
• Positive Sentiment: Analysts raised their outlooks: JPMorgan increased its price target from $120 to $122 while maintaining an Overweight rating. Wells Fargo raised its target from $100 to $111, although it retained an Equal Weight rating. RBC Capital Markets also issued a Buy rating. JPMorgan Analyst Recommendation
• Positive Sentiment: Options activity signaled bullish interest: Traders purchased 7,716 call options, approximately 320% above the average call volume. While options activity does not guarantee future performance, it indicates increased speculative interest in further gains.
• Neutral Sentiment: Quarterly dividend declared: Nasdaq maintained its $0.31-per-share quarterly dividend, payable December 18 to shareholders of record December 4. The dividend supports shareholder returns but was not reported as an increase. Nasdaq Dividend Announcement
• Negative Sentiment: Insider selling remains a minor risk signal: EVP Jeremy Skule sold 1,125 shares for approximately $106,875, reducing his ownership by 1.15%. The sale is small relative to his remaining stake, limiting its significance compared with the earnings momentum. SEC Insider Transaction Filing

About Nasdaq

Nasdaq, Inc is a global financial technology and market infrastructure company best known for operating the Nasdaq Stock Market, one of the world’s largest electronic stock exchanges. The company provides listing services for public companies and operates trading venues for equities, options and other financial products. Its exchange business serves companies, investors and market participants in the United States, as well as through Nasdaq’s Nordic and Baltic market operations.

Beyond its exchange activities, Nasdaq provides market data, analytics, indexes and technology used by exchanges, brokers, banks, asset managers and other financial institutions.