Nasdaq (NDAQ) Stock Forecast & Price Target

Q: What analysts cover Nasdaq?

Nasdaq has been rated by research analysts at Barclays , Keefe, Bruyette & Woods , Morgan Stanley , Raymond James Financial , TD Cowen , Weiss Ratings , and Zacks Research in the past 90 days.

$91.88 -0.74 (-0.80%)

As of 02:23 PM Eastern

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Nasdaq - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 11 Analyst Ratings

Sell
0

Hold
2

Buy
9

Based on 11 Wall Street analysts who have issued ratings for Nasdaq in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 11 analysts, 2 have given a hold rating, 8 have given a buy rating, and 1 has given a strong buy rating for NDAQ.

Consensus Price Target

$110.30
20.05% Upside

According to the 11 analysts' twelve-month price targets for Nasdaq, the average price target is $110.30. The highest price target for NDAQ is $120.00, while the lowest price target for NDAQ is $101.00. The average price target represents a forecasted upside of 20.05% from the current price of $91.88.

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

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NDAQ Analyst Ratings Over Time

Type	Current Forecast 9/29/25 to 9/29/26	1 Month Ago 8/30/25 to 8/30/26	3 Months Ago 7/1/25 to 7/1/26	1 Year Ago 9/29/24 to 9/29/25
Strong Buy	1 Strong Buy rating(s)	2 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	8 Buy rating(s)	12 Buy rating(s)	15 Buy rating(s)
Hold	2 Hold rating(s)	1 Hold rating(s)	2 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$110.30	$110.30	$106.79	$97.06
Forecasted Upside	20.05% Upside	11.07% Upside	29.08% Upside	9.42% Upside
Consensus Rating	Moderate Buy	Buy	Moderate Buy	Moderate Buy

NDAQ Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

NDAQ Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Nasdaq Stock vs. The Competition

Type	Nasdaq	Finance Companies	Broader Market
Consensus Rating Score	2.91	2.27	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	20.39% Upside	37.39% Upside	20.62% Upside
News Sentiment Rating	Neutral News See Recent NDAQ News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
9/21/2026	Zacks Research 4 of 5 stars		Downgrade	Strong-Buy ➝ Hold
7/24/2026	Morgan Stanley 3 of 5 stars	Michael Cyprys 2 of 5 stars	Reiterated Rating	Overweight	$120.00	+31.25%
7/24/2026	Barclays 3 of 5 stars	Benjamin Budish 2 of 5 stars	Reiterated Rating	Overweight	$108.00 ➝ $111.00	+22.76%
7/24/2026	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Chris Allen Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Market Perform	$92.00 ➝ $102.00	+10.14%
7/20/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy (B)
7/20/2026	TD Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Bill Katz Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy	$101.00 ➝ $105.00	+14.74%
7/9/2026	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Patrick O'Shaughnessy Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Outperform	$111.00 ➝ $113.00	+31.92%
6/11/2026	Rothschild & Co Redburn Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Simon Clinch Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target		$110.00	+26.85%
4/24/2026	Loop Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$113.00	+29.83%
2/11/2026	Argus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Strong-Buy
Get the Latest News and Ratings for NDAQ and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Nasdaq and its competitors with MarketBeat's FREE daily newsletter.
1/30/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Michael Cho Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$100.00 ➝ $101.00	+4.24%
1/30/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Ashish Sabadra Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Outperform	$108.00	+11.79%
1/12/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Alex Kramm Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy	$115.00 ➝ $120.00	+20.56%
8/4/2025	Piper Sandler Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Richard Repetto Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$97.00 ➝ $104.00	+7.79%
7/25/2025	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy
7/25/2025	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Brian Bedell Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$97.00 ➝ $105.00	+12.30%
7/15/2025	Oppenheimer Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Owen Lau Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Outperform	$96.00 ➝ $101.00	+13.69%
7/9/2025	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Neutral
4/2/2025	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Craig Siegenthaler Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$103.00 ➝ $105.00	+34.67%
11/25/2024	William Blair Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jeff Schmitt Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Initiated Coverage	Outperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 02:16 PM ET.

Should I Buy Nasdaq Stock? NDAQ Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, September 24, 2026. Please send any questions or comments about these Nasdaq pros and cons to contact@marketbeat.com.

Nasdaq
Bull Case

Here are some ways that investors could benefit from investing in Nasdaq, Inc.:

Nasdaq, Inc. is aggressively expanding its market reach by building an "always-on" trading model that includes 23/5 equity trading and tokenized equities, a strategic move that aims to capture a larger share of global liquidity and provide investors with greater access to markets outside of traditional hours.
The company demonstrated strong financial performance in its most recent quarter, reporting earnings per share of $1.07 which beat the consensus estimate of $0.98, while also achieving a 14.9% year-over-year increase in revenue to $2.53 billion, indicating robust growth in its core business segments.
Analysts maintain a positive outlook on the stock, with a consensus rating of "Buy" and an average price target of $110.30, which suggests significant upside potential from the current stock price of $94.55 as the market anticipates continued expansion in the company's technology and data services.
Nasdaq, Inc. is diversifying its revenue streams beyond traditional transaction fees by leveraging its technology platforms in areas such as artificial intelligence governance and cloud-based financial solutions, positioning the company to benefit from the broader convergence of digital technologies in financial markets.
The company offers a stable income stream for investors through its dividend policy, currently providing a yield of 1.31% with a payout ratio of 36.15%, which allows the firm to return capital to shareholders while maintaining sufficient cash flow for its ongoing operational investments.

Nasdaq
Bear Case

Investors should be bearish about investing in Nasdaq, Inc. for these reasons:

Recent insider activity has been predominantly negative, with multiple executives including the CEO and EVPs selling significant blocks of shares in the first half of 2026, such as the CEO selling 300,000 shares in February and another 113,611 shares in April, which may signal a lack of confidence in the current valuation.
Zacks Research recently downgraded Nasdaq, Inc. from a "strong-buy" to a "hold" rating, suggesting that the firm's analysts believe the stock may be fairly valued or that the pace of growth is not sufficient to justify the current premium relative to its peers.
The stock is trading at a price-to-earnings ratio of 27.57, which is a premium valuation that leaves little room for error if the company fails to meet the high growth expectations embedded in its price, particularly as it faces competition from other financial technology providers.
Short interest in the stock has fluctuated significantly, with a recent report showing a 34.2% decline in short interest but still leaving a substantial number of shares shorted, indicating that a portion of the market remains skeptical about the company's long-term trajectory and potential for price correction.
The company's expansion into new areas such as tokenized equities and 23/5 trading involves significant regulatory and operational risks, as these initiatives are still in the development phase and may face unforeseen challenges in implementation or acceptance by the broader financial community.

NDAQ Forecast - Frequently Asked Questions

According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for Nasdaq is $110.30, with a high forecast of $120.00 and a low forecast of $101.00.

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nasdaq in the last twelve months. There are currently 2 hold ratings, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" NDAQ shares.

According to analysts, Nasdaq's stock has a predicted upside of 20.05% based on their 12-month stock forecasts.

Over the previous 90 days, Nasdaq's stock had 1 upgrade and 1 downgrade by analysts.

Nasdaq has been rated by research analysts at Barclays, Keefe, Bruyette & Woods, Morgan Stanley, Raymond James Financial, TD Cowen, Weiss Ratings, and Zacks Research in the past 90 days.

Analysts like Nasdaq more than other "finance" companies. The consensus rating for Nasdaq is Moderate Buy while the average consensus rating for "finance" companies is Hold. Learn more on how NDAQ compares to other companies.

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MarketBeat monitors more than a dozen sources for Nasdaq analyst ratings, with the most recent rating issued on 9/21/2026.

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Nasdaq (NDAQ) Stock Forecast & Price Target