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 , Piper Sandler , Raymond James Financial , TD Cowen , Weiss Ratings , Wells Fargo & Company , and Zacks Research in the past 90 days.

$93.65 0.00 (0.00%)

Closing price 10/9/2026 04:00 PM Eastern

Extended Trading

$93.52 -0.13 (-0.14%)

As of 04:52 AM Eastern

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

Consensus Rating

Moderate Buy

Based on 13 Analyst Ratings

Sell
0

Hold
3

Buy
10

Based on 13 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 13 analysts, 3 have given a hold rating, 9 have given a buy rating, and 1 has given a strong buy rating for NDAQ.

Consensus Price Target

$108.92
16.30% Upside

According to the 13 analysts' twelve-month price targets for Nasdaq, the average price target is $108.92. The highest price target for NDAQ is $120.00, while the lowest price target for NDAQ is $100.00. The average price target represents a forecasted upside of 16.30% from the current price of $93.65.

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 10/12/25 to 10/12/26	1 Month Ago 9/12/25 to 9/12/26	3 Months Ago 7/14/25 to 7/14/26	1 Year Ago 10/12/24 to 10/12/25
Strong Buy	1 Strong Buy rating(s)	2 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	9 Buy rating(s)	8 Buy rating(s)	12 Buy rating(s)	15 Buy rating(s)
Hold	3 Hold rating(s)	1 Hold rating(s)	1 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	$108.92	$110.30	$106.92	$97.25
Forecasted Upside	16.30% Upside	20.96% Upside	21.49% Upside	9.39% Upside
Consensus Rating	Moderate Buy	Buy	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	2.85	2.28	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	16.30% Upside	38.25% Upside	19.60% Upside
News Sentiment Rating	Neutral News See Recent NDAQ News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
10/9/2026	Morgan Stanley 3 of 5 stars	Michael Cyprys 3 of 5 stars	Lower Target	Overweight	$120.00 ➝ $118.00	+27.75%
10/8/2026	Raymond James Financial 3 of 5 stars	Patrick O'Shaughnessy 2 of 5 stars	Reiterated Rating	Outperform
10/7/2026	Barclays 3 of 5 stars	Benjamin Budish 2 of 5 stars	Reiterated Rating	Overweight	$111.00 ➝ $109.00	+18.13%
10/2/2026	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	Reiterated Rating	Overweight	$104.00 ➝ $108.00	+17.81%
10/2/2026	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Daniel Welden Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Initiated Coverage	Equal Weight	$100.00	+10.71%
9/21/2026	Zacks Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Strong-Buy ➝ Hold
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%
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%
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.
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
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%
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 Monday at 05:19 AM 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 Wednesday, October 7, 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 currently trading at $91.93, which is significantly below the 12-month consensus price target of $109.25, suggesting potential upside of roughly 18% for investors who believe the market has undervalued the company's recent performance.
The company reported strong second-quarter results with total revenue climbing 20.5% to $2.53 billion, far exceeding analyst projections, while adjusted earnings per share grew 25% to $1.07, demonstrating robust profitability and operational efficiency.
Nasdaq, Inc. is transitioning toward a more stable business model by growing its recurring revenue streams, with Solutions revenue increasing 17% to $1.16 billion, which includes data, index licensing, and software services that are less volatile than traditional trading fees.
Assets in exchange-traded products tied to Nasdaq indexes surpassed $1 trillion for the first time, driven by record inflows of $51 billion in the quarter, highlighting the increasing demand for the company's index products and its role in the financial markets.
The company is actively returning capital to shareholders, having repurchased $903 million of stock in the first half of 2026, which is already more than the total repurchased in all of 2025, and it raised its quarterly dividend to 31 cents, marking its 14th consecutive year of increases.

Nasdaq
Bear Case

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

Management has raised its 2026 adjusted expense guidance to between $2.53 billion and $2.57 billion, citing higher employee compensation and IPO marketing costs, which could pressure margins if revenue growth slows.
The company faces intensifying competition from Intercontinental Exchange and crypto platforms like Coinbase, which are racing to offer round-the-clock and tokenized trading services, potentially eroding Nasdaq, Inc.'s market share in these emerging areas.
Nasdaq, Inc.'s index and trading revenue remains heavily dependent on rising markets and active investors, meaning that a stock market decline could lead to shrinking assets tracking its indexes and a subsequent drop in high-margin fees.
The company's Verafin anti-fraud software is experiencing slower customer acquisition outside the United States, with CEO Adena Friedman noting that sales cycles in international markets have been sluggish, limiting growth in this segment.
Recent insider activity shows a trend of selling, with 16 sales compared to only 1 purchase in the past six months, including significant share reductions by CEO Adena T. Friedman and other executives, which may signal a lack of confidence in near-term stock appreciation.

NDAQ Forecast - Frequently Asked Questions

According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Nasdaq is $108.92, with a high forecast of $120.00 and a low forecast of $100.00.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nasdaq in the last twelve months. There are currently 3 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" NDAQ shares.

According to analysts, Nasdaq's stock has a predicted upside of 16.30% 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, Piper Sandler, Raymond James Financial, TD Cowen, Weiss Ratings, Wells Fargo & Company, 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 10/9/2026.

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Nasdaq (NDAQ) Stock Forecast & Price Target