Nasdaq (NASDAQ:NDAQ) Given New $105.00 Price Target at TD Cowen

Nasdaq (NASDAQ:NDAQ) had its price objective increased by research analysts at TD Cowen from $104.00 to $105.00 in a report issued on Friday,Benzinga reports. The firm currently has a “hold” rating on the financial services provider’s stock. TD Cowen’s target price would indicate a potential upside of 8.83% from the stock’s current price.

Several other analysts have also recently commented on the company. Royal Bank Of Canada restated an “outperform” rating and issued a $108.00 price target on shares of Nasdaq in a report on Friday. Barclays reaffirmed an “overweight” rating and set a $115.00 price target (up previously from $114.00) on shares of Nasdaq in a research note on Friday. Raymond James Financial reissued an “outperform” rating and set a $100.00 price objective (up from $99.00) on shares of Nasdaq in a research note on Monday, October 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Nasdaq in a research report on Friday, January 9th. Finally, JPMorgan Chase & Co. boosted their price target on Nasdaq from $111.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, January 12th. Fourteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $103.93.

Nasdaq Price Performance

Nasdaq stock traded down $1.61 during mid-day trading on Friday, reaching $96.49. The company had a trading volume of 2,318,886 shares, compared to its average volume of 3,347,441. The stock’s 50-day simple moving average is $95.55 and its 200-day simple moving average is $92.56. The company has a market capitalization of $55.09 billion, a P/E ratio of 34.48, a P/E/G ratio of 1.47 and a beta of 1.01. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.99 and a quick ratio of 0.99. Nasdaq has a 1 year low of $64.84 and a 1 year high of $101.79.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, January 29th. The financial services provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.92 by $0.04. Nasdaq had a net margin of 19.90% and a return on equity of 16.28%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period in the prior year, the business earned $0.76 earnings per share. The company’s quarterly revenue was up 13.4% on a year-over-year basis. On average, equities analysts predict that Nasdaq will post 3.18 EPS for the current year.

Insider Buying and Selling

In related news, CEO Adena T. Friedman sold 300,000 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $96.39, for a total value of $28,917,000.00. Following the completion of the sale, the chief executive officer directly owned 1,924,903 shares of the company’s stock, valued at $185,541,400.17. The trade was a 13.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Jeremy Skule sold 2,105 shares of the stock in a transaction that occurred 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 transaction, the executive vice president directly owned 84,974 shares in the company, valued at approximately $7,256,779.60. This represents a 2.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 306,605 shares of company stock worth $29,546,812. Corporate insiders own 0.70% of the company’s stock.

Institutional Trading of Nasdaq

A number of institutional investors and hedge funds have recently modified their holdings of NDAQ. US Bancorp DE increased its holdings in shares of Nasdaq by 35.9% during the second quarter. US Bancorp DE now owns 64,153 shares of the financial services provider’s stock valued at $5,737,000 after purchasing an additional 16,950 shares during the period. 111 Capital grew its position in Nasdaq by 67.0% in the 2nd quarter. 111 Capital now owns 11,089 shares of the financial services provider’s stock valued at $992,000 after buying an additional 4,450 shares in the last quarter. QRG Capital Management Inc. increased its stake in Nasdaq by 53.1% during the 2nd quarter. QRG Capital Management Inc. now owns 59,504 shares of the financial services provider’s stock valued at $5,321,000 after buying an additional 20,637 shares during the period. Paradigm Asset Management Co. LLC acquired a new position in Nasdaq during the 2nd quarter valued at about $1,511,000. Finally, Swedbank AB raised its position in shares of Nasdaq by 74.4% during the 3rd quarter. Swedbank AB now owns 82,068 shares of the financial services provider’s stock worth $7,259,000 after buying an additional 35,015 shares in the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Key Nasdaq News

Here are the key news stories impacting Nasdaq this week:

• Positive Sentiment: Reported better-than-expected Q4 results: $0.96 EPS and $1.39B revenue (revenue +13.4% y/y), with strong margins and ROE that underpin growth expectations. Nasdaq Reports Fourth Quarter and Full Year 2025 Results
• Positive Sentiment: Management and the earnings call highlighted record revenue and strategic growth initiatives across Index and FinTech businesses — supports medium-term growth story. Nasdaq Inc (NDAQ) Q4 2025 Earnings Call Highlights
• Positive Sentiment: Royal Bank of Canada reaffirmed an “Outperform” rating with a $108 price target (~12% upside from current levels), giving analyst support to the upside thesis. Benzinga
• Positive Sentiment: Board declared a quarterly dividend of $0.27 per share (payable Mar 30, 2026), which modestly boosts income appeal and supports shareholder return expectations. Nasdaq Announces Quarterly Dividend
• Neutral Sentiment: Full earnings materials (call transcript and slide deck) are available for detailed read-through — useful for validating recurring revenue trends and segment-level growth. Q4 2025 Earnings Call Transcript
• Negative Sentiment: Company flagged higher expenses and tweaked its expense outlook, which partially offset the revenue/earnings beat and is a key reason some investors are taking profits or reducing exposure. 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.