Tal Cohen sold $247K of NDAQ

Nasdaq plans to launch a 23-hour trading schedule starting Dec. 6, 2026, with a one-hour daily closure. The new night session aligns with A-share trading hours, potentially increasing real-time cross-market linkage. Experts note potential impacts on sectors like AI, semiconductors, and new energy vehicles, with varying views on A-share market effects.

Erste Group initiated coverage on Nasdaq (NDAQ) with a buy rating, citing its plan for extended trading hours as a growth catalyst. The stock is near its 52-week high and has returned 25% over the past year. NDAQ reported Q3 2026 earnings that beat expectations, with $1.04 EPS and $1.48 billion revenue. InvestingPro notes NDAQ is slightly overvalued compared to its Fair Value estimate.

Nasdaq launched Eqlipse Digital to connect tokenized markets and invested in One Trading, a 24/7 European trading venue. Nasdaq Ventures also acquired LeveL Markets, a U.S. ATS. Nasdaq plans to expand 23/5 trading of U.S. equities by December 2026. One Trading offers perpetual futures and equity futures trading, with real-time margin and settlement.

Analysts raised Nasdaq Inc.'s 12-month price target to $116.76, up from $115.82, implying 12% upside from Oct. 26 close. 21 analysts rate it 'Buy', with 17 Buys, 3 Holds, and 1 Sell.

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%.