Nasdaq, Inc.

Nasdaq, Inc.

NDAQยทNASDAQ

$86.81

-1.3%
Financial ServicesFinancial - Data & Stock Exchanges

Nasdaq, Inc. operates as a technology company that serves capital markets and other industries worldwide. The Market Technology segment includes anti financial crime technology business, which offers Nasdaq Trade Surveillance, a SaaS solution for brokers and other market participants to assist them in complying with market rules, regulations, and internal market surveillance policies; Nasdaq Automated Investigator, a cloud-deployed anti-money laundering tool; and Verafin, a SaaS technology provider of anti-financial crime management solutions. This segment also handles assets, such as cash equities, equity derivatives, currencies, interest-bearing securities, commodities, energy products, and digital currencies. The Investment Intelligence segment sells and distributes historical and real-time market data; develops and licenses Nasdaq-branded indexes and financial products; and provides investment insights and workflow solutions. The Corporate Platforms segment operates listing platforms; and offers investor relations intelligence and governance solutions. As of December 31, 2021, it had 4,178 companies listed securities on The Nasdaq Stock Market, including 1,632 listings on The Nasdaq Global Select Market; 1,169 on The Nasdaq Global Market; and 1,377 on The Nasdaq Capital Market. The Market Services segment includes equity derivative trading and clearing, cash equity trading, fixed income and commodities trading and clearing, and trade management service businesses. This segment operates various exchanges and other marketplace facilities across various asset classes, which include derivatives, commodities, cash equity, debt, structured products, and exchange traded products; and provides broker, clearing, settlement, and central depository services. The company was formerly known as The NASDAQ OMX Group, Inc. and changed its name to Nasdaq, Inc. in September 2015. Nasdaq, Inc. was founded in 1971 and is headquartered in New York, New York.

At a Glance

Live Snapshot
Market Cap$49.09B
EPS3.1300
P/E Ratio30.98
Earnings Date07/23/2026
ndaq

Nasdaq, Inc. Street Expectations Map

NDAQ ยท NASDAQ

Wall Street analysts project that NDAQ stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 114.60, with estimates ranging from a low of 109.00 to a high of 120.00.

Lowest Target
109.00
25.56%
Consensus Target
114.60
32.01%
Highest Target
120.00
38.23%

The consensus 1-year price target stands at 114.60, with estimates ranging from a low of 109.00 to a high of 120.00.

Analyst Consensus Analysis

Upside Potential

+32.0%

Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.

Analyst Agreement

9.6% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Analyst Conviction

Very High

Strong buy conviction: High upside with tight consensus suggests compelling investment opportunity backed by analyst confidence.

Market Sentiment Insight

Rare opportunity: Exceptional upside potential with strong analyst consensus creates a compelling setup. The combination of significant price target premium and tight agreement suggests high-conviction undervaluation that may attract institutional capital.

ndaq

Nasdaq, Inc. Forward Estimates of Revenue

NDAQ ยท NASDAQ
Latest Revenue
8.22B
FY 2025
Avg Estimate
5.76B
FY 2026
Estimate Range
5.57B - 5.89B
Analyst Spread

Forward Growth Analysis

Projected Growth-29.9%

Significant contraction projectedโ€”major business challenges or industry disruption likely.

Analyst Coverage11 Analysts

Good analyst coverage ensures reliable estimates with diverse professional perspectives.

Estimate Spread6%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookPositive

Generally favorable outlook with reasonable growth prospects and analyst support.

ndaq

Nasdaq, Inc. Forward Estimates of Net Income

NDAQ ยท NASDAQ
Latest Net Income
1.79B
FY 2025
Avg Estimate
1.89B
FY 2026
Estimate Range
1.85B - 2.37B
Analyst Spread

Forward Growth Analysis

Projected Growth+5.4%

Moderate growth expected, typical for mature businesses with stable market positions.

Analyst Coverage11 Analysts

Good analyst coverage ensures reliable estimates with diverse professional perspectives.

Estimate Spread27%

Moderate uncertainty in forecastsโ€”typical for companies with evolving business models.

OutlookPositive

Generally favorable outlook with reasonable growth prospects and analyst support.

ndaq

Nasdaq, Inc. Forward Estimates of EPS

NDAQ ยท NASDAQ
Latest EPS
3.13
FY 2025
Avg Estimate
$3.94
FY 2026
Estimate Range
$3.21 - $4.11
Analyst Spread

Forward Growth Analysis

Projected Growth+25.8%

Strong growth expectations signal robust business momentum and market opportunity expansion.

Analyst Coverage11 Analysts

Good analyst coverage ensures reliable estimates with diverse professional perspectives.

Estimate Spread23%

Moderate uncertainty in forecastsโ€”typical for companies with evolving business models.

OutlookStrong

Positive analyst consensus with strong growth expectations and forecast confidence.

ndaq

Nasdaq, Inc. Forward Estimates of EBIT

NDAQ ยท NASDAQ
Latest EBIT
2.49B
FY 2025
Avg Estimate
1.57B
FY 2026
Estimate Range
1.52B - 1.61B
Analyst Spread

Forward Growth Analysis

Projected Growth-36.9%

Significant contraction projectedโ€”major business challenges or industry disruption likely.

Analyst Coverage11 Analysts

Good analyst coverage ensures reliable estimates with diverse professional perspectives.

Estimate Spread6%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookPositive

Generally favorable outlook with reasonable growth prospects and analyst support.

ndaq

Nasdaq, Inc. Forward Estimates of EBITDA

NDAQ ยท NASDAQ
Latest EBITDA
3.13B
FY 2025
Avg Estimate
1.92B
FY 2026
Estimate Range
1.86B - 1.96B
Analyst Spread

Forward Growth Analysis

Projected Growth-38.6%

Significant contraction projectedโ€”major business challenges or industry disruption likely.

Analyst Coverage11 Analysts

Good analyst coverage ensures reliable estimates with diverse professional perspectives.

Estimate Spread6%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookPositive

Generally favorable outlook with reasonable growth prospects and analyst support.

ndaq

Nasdaq, Inc. Forward Estimates of SG&A Expense

NDAQ ยท NASDAQ
Latest SG&A Expense
140.00M
FY 2025
Avg Estimate
320.41M
FY 2026
Estimate Range
309.80M - 327.66M
Analyst Spread

Forward Growth Analysis

Projected Growth+128.9%

Strong growth expectations signal robust business momentum and market opportunity expansion.

Analyst Coverage11 Analysts

Good analyst coverage ensures reliable estimates with diverse professional perspectives.

Estimate Spread6%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookStrong

Positive analyst consensus with strong growth expectations and forecast confidence.

Key Insight

Compelling growth story with analyst consensus: Strong projected growth combined with narrow estimate spread suggests high-conviction opportunity.

ndaq

Nasdaq, Inc. Insider Positioning

NDAQ ยท NASDAQ

During the last 12 months, insiders have purchased $16.79M and sold $84.28M worth of NDAQ shares, resulting in $67.48M of net selling activity.

3 Months

Bought

0

0.00

Sold

236.0K

20.76M

Net Activity

-20.8M

-$20.76M

3-6 Months

Bought

212.0K

16.79M

Sold

614.8K

59.32M

Net Activity

-42.5M

-$42.52M

6-9 Months

Bought

0

0.00

Sold

10.9K

975.73K

Net Activity

-976K

-$976K

9-12 Months

Bought

0

0.00

Sold

35.6K

3.23M

Net Activity

-3.2M

-$3.23M

Top Buyers

1
IA

Investor Ab

10 Percent Owner

200.0K sharesโ€ข1 transactions

$15.84M

2
TJ

Torgeby Johan

Director

12.0K sharesโ€ข1 transactions

$958K

Top Sellers

1
FAT

Friedman Adena T

Director, Officer: Chair And Ceo

806.5K sharesโ€ข4 transactions

$76.06M

2
PBJ

Peterson Bradley J

Officer: Evp, Cio

19.2K sharesโ€ข2 transactions

$1.72M

3
TC

Tal Cohen

Officer: Pres. Market Platforms

15.5K sharesโ€ข1 transactions

$1.41M

4
SJ

Skule Jeremy

Officer: Evp, Cso

14.7K sharesโ€ข7 transactions

$1.32M

5
DML

Daly Michelle Lynn

Officer: Svp, Controller & Pao

14.2K sharesโ€ข3 transactions

$1.27M

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $67.48M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.20:1

Weak buy/sell ratio. Selling significantly exceeds buyingโ€”monitor for potential fundamental concerns.

Recent Trend (3 Months)

$20.76M

Heavy recent selling activity. Recent insider sales notably exceed purchasesโ€”may warrant investigation into company developments.

Insider Participation

High Selling

5 insider sellers vs. 2 buyers. Widespread selling across multiple insiders may signal concerns.

Insider Activity Insight

Multiple red flags: Heavy selling, numerous sellers, and continued recent selling create a concerning pattern. Investigate fundamental drivers and consider whether company guidance or industry conditions have deteriorated.