Nasdaq, Inc. (NDAQ) is a financial technology and exchange operator with a market cap of $50.5 billion. The company offers marketplace services, data and analytics, index solutions, and financial technology globally.

Over the past year, NDAQ has underperformed the market, gaining 3.2% compared to the S&P 500’s 12.2% rally. In 2026, NDAQ stock is down 12% versus SPX’s marginal dip on a YTD basis.

Nasdaq outperformed the State Street SPDR S&P Capital Markets ETF (KCE), gaining 1.2% over the past year and surpassing the ETF’s 12% on a YTD basis.

In Q4 2025, Nasdaq reported strong financial results with net revenue up 13% to $1.4 billion. Financial Technology and Index revenue saw significant growth, with recurring revenue reaching $3.1 billion.

Analysts expect NDAQ’s EPS to grow 8.9% to $3.79 for the current fiscal year. The company has a history of beating consensus estimates in the last four quarters.

18 analysts cover NDAQ stock, with a consensus rating of “Moderate Buy” based on 11 “Strong Buy” ratings, three “Moderate Buys,” and four “Holds.” Three months ago, 13 analysts had suggested a “Strong Buy” for the stock.

TD Cowen analyst Bill Katz maintained a “Hold” rating on Nasdaq with a price target increase to $105. The mean price target of $111.62 represents a 30.5% premium to current levels, with a Street-high target of $123 indicating an ambitious upside potential of 43.8%.

Read more at Yahoo Finance: Are Wall Street Analysts Predicting Nasdaq Stock Will Climb or Sink?