Nasdaq, Inc. Stock 12‑Month Price Target Raised to $116.76, Implies 12% Upside

Nasdaq reported Q3 milestones, including record index inflows and fintech revenue growth. The company acquired LeveL Markets, expects $7m-$8m Q4 revenue, and launched Digital Liquidity Networks. Nasdaq plans 23/5 U.S. equities trading from Dec 2026 and a 2027 equity token launch. HSBC extended its partnership for ETD clearing. Nasdaq also invests $100m in Kraken's parent company for tokenized equities.

Nasdaq OMX reported Q3 net revenue of $1.5B, up 14% YoY, with solutions revenue up 18%. EPS rose 19% to $1.04. Growth driven by fintech, AI, and cloud solutions, despite higher expenses. Record index inflows and strong IPO performance highlighted. Operating margins improved to 57%.

Nasdaq Inc. reported Q3 earnings of $1.04 per share, beating estimates, with revenue up 12.6% YoY to $1.481B. Index revenue surged 39% to $286M, driven by record net inflows. CEO Adena Friedman highlighted growth across all divisions and the shift toward an AI-driven market. The company increased operating expenses by 9% due to tech investments and returned $496M to shareholders.

Nasdaq reported Q3 2026 net revenue of $1.5B, up 14% YoY, driven by cloud tech and index products. Management highlighted cloud migration, anti-financial crime demand, and 24/7 trading infrastructure as growth drivers. The company expects continued revenue expansion and shareholder value creation, with $616M in free cash flow.

Nasdaq Inc. shares rose to $103.30, surpassing $100 for the first time in a year, after reporting stronger-than-expected Q3 earnings. The stock had previously faced resistance at this level. The move suggests upward revisions in market expectations, though the sustainability of the business shift remains uncertain.

Nasdaq Inc. (NDAQ) rose 4.7% in after-hours trading after reporting better-than-expected Q3 earnings. The company operates exchanges and technology platforms, and the earnings beat is notable due to its typically low-volatility stock. Investors will watch for sustained revenue growth in its segments.