Nasdaq, Inc. Exhibits Impressive Growth and Analyst Support
New York-based Nasdaq, Inc. (NDAQ) is a leading provider of trading, clearing, marketplace technology, securities listing, and information services. With a market capitalization of $45.5 billion, Nasdaq operates through three segments: Capital Access Platforms, Financial Technology, and Market Services.
Strong Market Performance
Over the past year, the company has significantly outperformed the broader market. NDAQ shares have jumped 33.1% in the last 52 weeks, with a 4.5% increase year-to-date (YTD). In contrast, the S&P 500 Index ($SPX) gained only 11.9% over the same period and experienced a slight dip of 64 basis points in 2025.
Comparison with Industry Peers
Focusing more closely on industry performance, Nasdaq has outstripped the iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI), which saw a 29.5% increase over the same backdrop. However, NDAQ slightly lagged behind IAI’s YTD gain of 4.7%.
Strong Q1 Results
Following the announcement of its Q1 results on April 24, NDAQ’s stock price increased by 1.7%. The company’s resilient business model has continued to drive growth amidst macroeconomic uncertainties. For the quarter, Nasdaq reported a 10.7% year-over-year rise in net revenues, reaching $1.2 billion and surpassing analysts’ expectations. Additionally, non-GAAP net income for shareholders surged 24.3% year-over-year to $456 million, with non-GAAP earnings per share (EPS) of $0.79 exceeding projections by 2.6%.
Positive Outlook for Fiscal 2025
Looking ahead, analysts predict a solid 13.1% year-over-year growth in non-GAAP EPS for fiscal 2025, projected to reach $3.19 by December. Nasdaq has a strong history of beating earnings estimates, successfully exceeding the Street’s bottom-line projections in the last four quarters.
Analyst Ratings and Price Targets
The stock holds a consensus “Moderate Buy” rating. Among the 20 analysts covering NDAQ, there are 12 “Strong Buys,” three “Moderate Buys,” and five “Holds.” This represents a slight increase in bullish sentiment compared to a month ago when only 11 analysts recommended “Strong Buy.”
On April 24, analyst Kyle Voigt from Keefe, Bruyette & Woods maintained an “Outperform” rating on NDAQ, adjusting the price target from $87 to $88. Currently, Nasdaq’s mean price target stands at $85.67, indicating a 6.1% premium over current price levels. The street-high target of $101 implies a potential upside of 25.1%.
On the date of publication, Aditya Sarawgi did not hold (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is for informational purposes only. For more details, please consult the Barchart Disclosure Policy here.
The views and opinions expressed in this article are those of the author and do not necessarily reflect those of Nasdaq, Inc.
