Nasdaq Stock: Analyst Estimates & Ratings

New York-based Nasdaq, Inc. (NDAQ) is a leading global financial technology and market infrastructure company that operates stock exchanges and provides trading, market data, analytics, and technology solutions to financial institutions, corporations, and investors. The company has a market cap of $61.1 billion, and is one of the world's largest electronic stock exchanges, and provides technology infrastructure that supports financial markets worldwide.

NDAQ stock has surpassed the broader market over the past year, soaring 24.9% compared to the S&P 500 Index’s ($SPX) 11.3% surge. Moreover, the stock has climbed 24%, underperforming the SPX’s 2.8% rise.       

Zooming in further, the State Street Financial Select Sector SPDR ETF (XLF) has risen 10.2% over the past year and 14.6% over the past six months. 

On Oct. 22, Nasdaq delivered strong third-quarter 2026 results, and its shares rose 7.5%, driven by robust growth across its Capital Access Platforms and Financial Technology businesses. Net revenue increased 13% year-over-year to $1.48 billion, while solutions revenue grew 17% to $1.17 billion. Its adjusted EPS climbed 18.2% year over year to $1.04. Nasdaq's recurring revenue base also strengthened, with annualized recurring revenue reaching a record $3.4 billion, up 12% year over year. 

For the current year, which ends in December, analysts expect NDAQ’s EPS to rise 19.3%  to $4.15 on a diluted basis. The company surpassed the consensus estimate in each of the last four quarters.   

Among 21 Wall Street analysts covering NDAQ stock, the consensus is a “Strong Buy.” That’s based on 14 “Strong Buy” ratings, three “Moderate Buys,” and four “Holds.”   

The configuration is bullish than a month ago, when the stock had 13 “Strong Buy” suggestions. 

On October 23, Goldman Sachs raised its price target on Nasdaq to $120 from $109 while maintaining a “Buy” rating. The firm cited strong FinTech annual recurring revenue growth, robust index inflows, increasing demand for market data, and long-term tokenization opportunities as key growth drivers. Although higher near-term expenses may weigh on profitability, Goldman expects AI-driven efficiencies and operating leverage to support margins over time.

NDAQ’s mean price target of $116 offers a 5.8% upside compared to the current market price. Its Street-high target of $135 implies a robust 23.1% upside from current levels.   

On the date of publication, Kritika Sarmah did not directly have a position in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.