TD Cowen Boosts Nasdaq (NASDAQ:NDAQ) Price Target to $105.00

30 Jan 2026, 19:26 by Sarita Garza · The Markets Daily

Nasdaq (NASDAQ:NDAQ – Get Free Report) had its target price boosted by investment analysts at TD Cowen from $104.00 to $105.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “hold” rating on the financial services provider’s stock. TD Cowen’s price target indicates a potential upside of 8.83% from the stock’s current price.

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

Read Our Latest Stock Report on NDAQ

Nasdaq Stock Down 1.6%

Nasdaq stock traded down $1.61 during trading hours on Friday, reaching $96.49. The stock had a trading volume of 2,318,886 shares, compared to its average volume of 3,347,441. The business’s 50 day moving average price is $95.55 and its 200-day moving average price is $92.56. 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 52 week low of $64.84 and a 52 week high of $101.79. The company has a market cap of $55.09 billion, a price-to-earnings ratio of 34.48, a PEG ratio of 1.47 and a beta of 1.01.

Nasdaq (NASDAQ:NDAQ – Get Free Report) last released its earnings results on Thursday, January 29th. The financial services provider reported $0.96 earnings per share for the quarter, topping 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 company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the previous year, the firm earned $0.76 EPS. Nasdaq’s revenue was up 13.4% compared to the same quarter last year. Sell-side analysts anticipate that Nasdaq will post 3.18 EPS for the current year.

Insider Activity at Nasdaq

In related news, EVP John Zecca sold 4,500 shares of the stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $100.01, for a total transaction of $450,045.00. Following the completion of the transaction, the executive vice president owned 125,674 shares of the company’s stock, valued at approximately $12,568,656.74. This trade represents a 3.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jeremy Skule sold 2,105 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $85.40, for a total value of $179,767.00. Following the completion of the sale, the executive vice president directly owned 84,974 shares in the company, valued at approximately $7,256,779.60. The trade was a 2.42% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 306,605 shares of company stock worth $29,546,812. Company insiders own 0.70% of the company’s stock.

Institutional Trading of Nasdaq

Several institutional investors and hedge funds have recently bought and sold shares of the business. Front Row Advisors LLC acquired a new position in shares of Nasdaq in the second quarter valued at approximately $25,000. Twin Peaks Wealth Advisors LLC acquired a new position in Nasdaq in the 2nd quarter valued at $27,000. Tripletail Wealth Management LLC purchased a new position in Nasdaq during the 3rd quarter worth $27,000. Access Investment Management LLC acquired a new stake in shares of Nasdaq in the 2nd quarter worth $28,000. Finally, Westside Investment Management Inc. boosted its holdings in shares of Nasdaq by 100.0% in the third quarter. Westside Investment Management Inc. now owns 318 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 159 shares in the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Nasdaq News Summary

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

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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.