Nasdaq (NASDAQ:NDAQ) Price Target Raised to $105.00 at TD Cowen

Nasdaq (NASDAQ:NDAQ) had its target price increased by TD Cowen from $104.00 to $105.00 in a research report released on Friday morning,Benzinga reports. The firm currently has a hold rating on the financial services provider’s stock.

Several other equities analysts also recently commented on the company. Morgan Stanley set a $116.00 price objective on Nasdaq and gave the company an “overweight” rating in a research note on Friday. Royal Bank Of Canada reiterated an “outperform” rating and set a $108.00 price target on shares of Nasdaq in a research note on Friday. Weiss Ratings restated a “buy (b-)” rating on shares of Nasdaq in a research note on Friday, January 9th. Raymond James Financial reaffirmed an “outperform” rating and set a $100.00 price objective (up from $99.00) on shares of Nasdaq in a report on Monday, October 13th. Finally, UBS Group reiterated a “buy” rating and issued a $120.00 target price (up previously from $115.00) on shares of Nasdaq in a research note on Monday, January 12th. Fourteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.13.

Nasdaq Price Performance

Shares of NASDAQ:NDAQ opened at $96.89 on Friday. The company has a market capitalization of $55.32 billion, a P/E ratio of 31.36, a price-to-earnings-growth ratio of 1.47 and a beta of 1.01. The company’s 50-day moving average is $95.74 and its 200 day moving average is $92.61. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.99 and a current ratio of 1.01. Nasdaq has a fifty-two week low of $64.84 and a fifty-two week high of $101.79.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, January 29th. The financial services provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.92 by $0.04. Nasdaq had a net margin of 21.77% and a return on equity of 16.90%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the previous year, the firm posted $0.76 earnings per share. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, equities research analysts forecast that Nasdaq will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 16th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.08 annualized dividend and a yield of 1.1%. Nasdaq’s payout ratio is currently 38.57%.

Insider Buying and Selling

In other news, CEO Adena T. Friedman sold 300,000 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $96.39, for a total transaction of $28,917,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,924,903 shares in the company, valued at $185,541,400.17. The trade was a 13.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Jeremy Skule sold 2,105 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $85.40, for a total value of $179,767.00. Following the completion of the sale, the executive vice president owned 84,974 shares in the company, valued at $7,256,779.60. This trade represents a 2.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 306,605 shares of company stock valued at $29,546,812. Company insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Nasdaq

Institutional investors have recently added to or reduced their stakes in the business. Front Row Advisors LLC purchased a new position in shares of Nasdaq during the second quarter worth about $25,000. Twin Peaks Wealth Advisors LLC bought a new stake in Nasdaq during the second quarter valued at approximately $27,000. Tripletail Wealth Management LLC bought a new stake in Nasdaq during the third quarter valued at approximately $27,000. Access Investment Management LLC purchased a new position in Nasdaq in the 2nd quarter worth approximately $28,000. Finally, Westside Investment Management Inc. increased its holdings in shares of Nasdaq by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 318 shares of the financial services provider’s stock worth $28,000 after buying an additional 159 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors.

Nasdaq News Roundup

Here are the key news stories impacting Nasdaq this week:

• Positive Sentiment: Q4 results beat consensus — $0.96 EPS vs ~$0.92 expected and $1.39B revenue (up ~13% YoY); management called out record revenue for the year. Nasdaq Reports Fourth Quarter and Full Year 2025 Results
• Positive Sentiment: Solutions revenue growth and AI initiatives were highlighted as durable organic drivers — management pointed to product uptake and deal activity supporting higher-margin software revenue. NDAQ Q4 Deep Dive: Solutions Revenue and AI Initiatives Drive Robust Growth Amid Margin Compression
• Positive Sentiment: Analysts lifted targets and ratings after results: JPMorgan raised to $101 (Overweight), TD Cowen to $105 (Hold) and RBC reaffirmed Outperform with $108 target — adds buy-side momentum. Benzinga Analyst Notes
• Positive Sentiment: Board declared a regular quarterly dividend of $0.27/share (payable Mar 30), maintaining shareholder cash return policy. Nasdaq Announces Quarterly Dividend of $0.27 Per Share
• Neutral Sentiment: Earnings call and transcript provide more color on buy-side activity, index licensing and fintech deals; useful for modeling recurring Solutions revenue cadence. Nasdaq Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Slide deck and presentation posted with segment detail (index, market services, and solutions) — helps analysts refine FY guidance assumptions. Nasdaq Q4 – Results – Earnings Call Presentation
• Negative Sentiment: Margins compressed and management flagged higher operating expenses; the company tweaked its expense view, which could pressure near-term profitability despite revenue growth. Nasdaq Beats Q4 Earnings & Revenue Estimates, Tweaks Expense View

About Nasdaq

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.