Keefe, Bruyette & Woods Raises Nasdaq (NASDAQ:NDAQ) Price Target to $97.00

Nasdaq (NASDAQ:NDAQ) had its price objective increased by equities research analysts at Keefe, Bruyette & Woods from $92.00 to $97.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 7.90% from the company’s current price.

A number of other research firms have also recently issued reports on NDAQ. JPMorgan Chase & Co. upped their price objective on Nasdaq from $100.00 to $101.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. TD Cowen upgraded Nasdaq from a “hold” rating to a “buy” rating and upped their price objective for the stock from $105.00 to $106.00 in a report on Thursday, February 26th. UBS Group reiterated a “buy” rating and issued a $120.00 price objective (up from $115.00) on shares of Nasdaq in a report on Monday, January 12th. Argus upgraded Nasdaq to a “strong-buy” rating in a report on Wednesday, February 11th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $109.00 price objective on shares of Nasdaq in a report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Nasdaq has an average rating of “Moderate Buy” and an average target price of $107.15.

Nasdaq Price Performance

NDAQ opened at $89.90 on Friday. The stock has a 50-day moving average price of $85.65 and a 200-day moving average price of $89.62. Nasdaq has a 12-month low of $74.11 and a 12-month high of $101.79. The company has a current ratio of 1.00, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $51.10 billion, a P/E ratio of 27.08, a PEG ratio of 1.88 and a beta of 1.02.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. Nasdaq had a return on equity of 17.51% and a net margin of 23.15%.The firm had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the prior year, the business earned $0.79 EPS. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. Equities analysts predict that Nasdaq will post 3.82 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Adena T. Friedman sold 113,611 shares of the stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $85.44, for a total transaction of $9,706,923.84. Following the completion of the sale, the chief executive officer directly owned 1,965,751 shares in the company, valued at $167,953,765.44. This represents a 5.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 506,451 shares of company stock worth $47,142,951. Corporate insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On Nasdaq

Institutional investors have recently bought and sold shares of the stock. Tripletail Wealth Management LLC purchased a new stake in Nasdaq during the 3rd quarter valued at about $27,000. Westside Investment Management Inc. raised its position in Nasdaq by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 318 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 159 shares during the last quarter. MV Capital Management Inc. bought a new position in Nasdaq during the 4th quarter valued at approximately $28,000. West Branch Capital LLC bought a new position in Nasdaq during the 3rd quarter valued at approximately $29,000. Finally, Salomon & Ludwin LLC bought a new position in Nasdaq during the 3rd quarter valued at approximately $30,000. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

More Nasdaq News

Here are the key news stories impacting Nasdaq this week:

• Positive Sentiment: Q1 results beat expectations — Nasdaq reported EPS of $0.96 vs. $0.93 expected and stronger-than-expected revenue (double-digit net revenue growth across divisions). This is the primary positive catalyst supporting the stock’s rise. Nasdaq Q1 Results
• Positive Sentiment: Dividend hike — the board raised the quarterly dividend to $0.31 (≈14.8% increase), indicating cash return commitment and supporting income-oriented investor interest. Dividend Announcement
• Positive Sentiment: Business mix and growth drivers — management highlighted AI and cloud-driven growth in Solutions and FinTech segments, providing conviction that revenue acceleration is sustainable beyond the quarter. AI & Cloud Growth
• Positive Sentiment: Analyst action — Keefe, Bruyette & Woods raised its price target to $97 (market perform), a modest supportive signal from the sell-side that implies upside from current levels. KBW Target Raise
• Neutral Sentiment: Mid-month short-interest data — Nasdaq published mid-April short interest across Nasdaq Global Market securities; overall days-to-cover ticked slightly lower to ~2.71 days. This is market-structure data rather than a direct stock-specific catalyst for NDAQ. Mid-Month Short Interest
• Neutral Sentiment: Analyst landscape is mixed but skewed positive — several firms maintain overweight/positive views and the median 6‑month target remains above the current price, which supports medium-term upside but isn’t an immediate catalyst. Analyst Targets & Ratings
• Negative Sentiment: Insider selling — disclosure shows significant insider sales in the past six months (including a large sale by CEO Adena Friedman), which can be perceived negatively by some investors even if sales have benign explanations. This could cap some near-term upside. Insider Activity
• Negative Sentiment: Mixed institutional moves — large reallocations (e.g., UBS materially cut its position while others added) increase volatility risk; big fund flows can amplify moves if followed by further rebalancing. Institutional Activity

About Nasdaq

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.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.