The Goldman Sachs Group Issues Positive Forecast for Nasdaq (NASDAQ:NDAQ) Stock Price

Nasdaq (NASDAQ:NDAQ) had its price objective boosted by research analysts at The Goldman Sachs Group from $109.00 to $120.00 in a report released on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. The Goldman Sachs Group‘s price objective would suggest a potential upside of 15.91% from the stock’s previous close.

NDAQ has been the subject of several other research reports. Barclays set a $121.00 target price on Nasdaq and gave the stock an “overweight” rating in a research note on Friday. Zacks Research downgraded shares of Nasdaq from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 21st. Morgan Stanley lifted their price target on shares of Nasdaq from $118.00 to $132.00 and gave the company an “overweight” rating in a report on Friday. Piper Sandler reiterated an “overweight” rating and set a $108.00 price objective (up from $104.00) on shares of Nasdaq in a research report on Friday, October 2nd. Finally, TD Cowen dropped their price objective on shares of Nasdaq from $108.00 to $107.00 and set a “buy” rating for the company in a research note on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Nasdaq presently has a consensus rating of “Moderate Buy” and an average target price of $113.53.

Nasdaq Price Performance

Shares of NDAQ traded up $0.23 during midday trading on Friday, hitting $103.53. The company’s stock had a trading volume of 2,080,128 shares, compared to its average volume of 3,779,355. Nasdaq has a one year low of $76.55 and a one year high of $104.21. The company’s fifty day simple moving average is $94.75 and its two-hundred day simple moving average is $90.97. 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 stock has a market capitalization of $57.87 billion, a price-to-earnings ratio of 30.21, a price-to-earnings-growth 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 for the quarter, topping the consensus estimate of $1.02 by $0.02. The business had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $1.47 billion. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%. Nasdaq’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.88 EPS. As a group, equities analysts expect that Nasdaq will post 4.13 earnings per share for the current fiscal year.

Insider Activity at Nasdaq

In related news, EVP Jeremy Skule sold 1,125 shares of Nasdaq 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 sale, the executive vice president directly owned 96,561 shares in the company, valued at $9,173,295. This trade represents a 1.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nelson Griggs sold 11,010 shares of the business’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 directly owned 205,001 shares in the company, valued at $19,751,846.35. The trade was a 5.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 26,520 shares of company stock valued at $2,520,957 in the last ninety days. 0.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NDAQ. BlackRock Inc. acquired a new position in Nasdaq in the second quarter valued at $2,931,637,000. Bank of America Corp DE bought a new position in shares of Nasdaq in the 2nd quarter worth about $603,631,000. The Manufacturers Life Insurance Company acquired a new position in shares of Nasdaq in the 2nd quarter valued at about $377,818,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Nasdaq by 4.8% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,884,101 shares of the financial services provider’s stock valued at $306,145,000 after purchasing an additional 177,114 shares during the period. Finally, Amundi lifted its stake in shares of Nasdaq by 19.6% in the 1st quarter. Amundi now owns 2,910,390 shares of the financial services provider’s stock valued at $247,063,000 after purchasing an additional 476,913 shares during the period. Institutional investors own 72.47% of the company’s stock.

Key Nasdaq News

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

Nasdaq Company Profile

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.