Nasdaq (NASDAQ:NDAQ) Price Target Raised to $120.00

Nasdaq (NASDAQ:NDAQ) had its target price boosted by The Goldman Sachs Group from $109.00 to $120.00 in a report published on Friday morning,Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

NDAQ has been the subject of several other research reports. Jefferies Financial Group restated a “hold” rating on shares of Nasdaq in a report on Thursday. Keefe, Bruyette & Woods upped their price objective on shares of Nasdaq from $92.00 to $102.00 and gave the company a “market perform” rating in a research note on Friday, July 24th. Zacks Research lowered shares of Nasdaq from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 21st. Raymond James Financial decreased their price objective on shares of Nasdaq from $119.00 to $109.00 in a research report on Friday, October 9th. Finally, Wells Fargo & Company lifted their target price on shares of Nasdaq from $100.00 to $111.00 and gave the stock an “equal weight” rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Nasdaq presently has a consensus rating of “Moderate Buy” and an average price target of $113.53.

Nasdaq Price Performance

Nasdaq stock opened at $102.56 on Friday. The stock’s 50 day moving average is $94.86 and its 200 day moving average is $91.08. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market cap of $56.92 billion, a P/E ratio of 28.02, a P/E/G ratio of 1.84 and a beta of 0.99. Nasdaq has a one year low of $76.55 and a one year high of $104.21.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Thursday, October 22nd. The financial services provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.02 by $0.02. Nasdaq had a return on equity of 19.03% and a net margin of 22.81%. The business had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the prior year, the business posted $0.88 earnings per share. The firm’s revenue was up 12.6% on a year-over-year basis. As a group, research analysts expect that Nasdaq will post 4.13 EPS for the current year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, December 4th. This represents a $1.24 annualized dividend and a dividend yield of 1.2%. Nasdaq’s dividend payout ratio (DPR) is 33.88%.

Insider Buying and Selling at Nasdaq

In related news, EVP Jeremy Skule sold 1,125 shares of the business’s stock in a transaction 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 transaction, the executive vice president owned 96,561 shares in the company, valued at $9,173,295. The trade was a 1.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nelson Griggs sold 11,010 shares of the stock in a transaction 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 transaction, the insider directly owned 205,001 shares in the company, valued at approximately $19,751,846.35. This represents a 5.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 15,510 shares of company stock valued at $1,486,457 in the last quarter. 0.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Nasdaq

A number of large investors have recently bought and sold shares of the stock. Kingswood Wealth Advisors LLC bought a new position in shares of Nasdaq during the 3rd quarter worth about $214,000. Signaturefd LLC grew its stake in shares of Nasdaq by 7.3% in the 3rd quarter. Signaturefd LLC now owns 10,082 shares of the financial services provider’s stock valued at $928,000 after buying an additional 689 shares during the period. Citizens Financial Group Inc. RI increased its position in Nasdaq by 29.5% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 9,094 shares of the financial services provider’s stock valued at $837,000 after buying an additional 2,071 shares in the last quarter. Washington Trust Advisors Inc. increased its position in Nasdaq by 41.6% in the 3rd quarter. Washington Trust Advisors Inc. now owns 2,069 shares of the financial services provider’s stock valued at $190,000 after buying an additional 608 shares in the last quarter. Finally, MBL Wealth LLC bought a new stake in Nasdaq in the 3rd quarter valued at about $383,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Nasdaq

Here are the key news stories impacting Nasdaq this week:

• Positive Sentiment: Q3 earnings exceeded expectations: Nasdaq reported adjusted EPS of $1.04, topping the $1.02 consensus and rising from $0.88 a year earlier. Net revenue increased 13% year over year to approximately $1.5 billion, while solutions revenue grew 17%. Nasdaq Reports Third Quarter 2026 Results
• Positive Sentiment: Recurring revenue and growth businesses remain strong: Annualized recurring revenue reached a record $3.4 billion, with index revenue up 39% and continued double-digit growth in fintech and technology. Investors are also focused on Nasdaq’s AI-related solutions, tokenization opportunities and recurring-revenue model as potential long-term growth drivers. NDAQ Q3 Deep Dive
• Positive Sentiment: Analysts raised price targets: Goldman Sachs raised its target to $120 and maintained a Buy rating; Morgan Stanley increased its target to $132 with an Overweight rating; JPMorgan lifted its target to $122 and Wells Fargo raised its target to $111. The revisions signal greater confidence in Nasdaq’s earnings and recurring-revenue outlook. Analyst Rating Updates
• Positive Sentiment: Options activity was notably bullish: Traders purchased 7,716 call options, approximately 320% above average call volume, indicating increased speculative interest following the earnings release.
• Neutral Sentiment: Dividend was maintained: Nasdaq declared a quarterly dividend of $0.31 per share, equivalent to $1.24 annually and an approximate 1.2% yield. The payment is scheduled for December 18. Nasdaq Dividend Announcement
• Negative Sentiment: Valuation and insider selling may be limiting gains: Nasdaq trades near its 52-week high at roughly 30 times earnings. EVP Jeremy Skule also sold 1,125 shares for about $107,000, a modest transaction but part of a broader pattern of insider selling that could weigh on sentiment. 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.