Founded in 1971, Nasdaq is primarily known for its equity exchange, but in addition to its trading business (about 22... Show more
Nasdaq, Inc. is a global technology company that operates capital markets, market infrastructure, and financial technology businesses. While it is widely known for the Nasdaq Stock Market and its listings franchise, the company has expanded far beyond exchange operations. Its Capital Access Platforms segment includes data, index, listing, and analytics businesses, while its Financial Technology segment provides anti-financial-crime, regulatory, and capital-markets software, and its Market Services segment runs equities and derivatives trading. Investors follow NDAQ because of its durable, increasingly recurring revenue mix, its role as a leading venue for technology and growth listings, and its growing exposure to secular themes such as indexing, cloud computing, and artificial intelligence.
Over the last 30 days, NDAQ shares have advanced roughly 14%, rising from the low-to-mid $90s to close at $105.55, with the move accelerating sharply after third-quarter earnings were reported. The rally pushed the stock to a fresh 52-week high and reflected a decisive upward re-rating. Looking at the trailing quarter, the stock is up about 10%, though that headline figure understates the volatility in between. Shares slipped below $89 in mid-September before recovering, then jumped meaningfully in late October following the earnings release, which included a single-day gain of roughly 7% on the day results were announced.
The primary catalyst behind the 30-day advance was Nasdaq's third-quarter 2026 earnings report, released in late October. The company delivered non-GAAP earnings of $1.04 per share, above the $1.02 consensus, on net revenue of $1.48 billion, a 14% year-over-year increase. Growth was led by Solutions revenue, which rose 18% to roughly $1.2 billion, and by record ARR of $3.4 billion. Index revenue surged 39%, supported by record ETP assets under management and $49 billion in quarterly net inflows, while Financial Technology ARR grew 18%. The company also highlighted momentum in its Verafin anti-financial-crime franchise, where its "Agentic AI Workforce" now serves more than 850 clients, reinforcing the AI narrative that has supported broader market sentiment.
The broader three-month trend reflects a stock that initially drifted lower amid a modest softening in the IPO environment and broader market choppiness, then recovered as fundamentals reasserted themselves. Across the quarter, Nasdaq extended its listings leadership, welcoming 15 new operating companies that raised $32 billion in capital and capturing eight of the ten largest operating-company IPOs. Strategic moves also shaped the narrative, including a partnership with HSBC to co-develop exchange-traded derivatives clearing capabilities, the formation of Digital Liquidity Networks to advance its digital-assets strategy, and the acquisition of the LeveL Markets alternative trading system. Combined with steady capital returns through dividends and buybacks, these developments reinforced investor confidence in the company's transition toward higher-margin recurring revenue.
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Investors should monitor several factors that could influence NDAQ over the coming months. The planned launch of 23/5 trading on the Nasdaq Stock Market represents a significant operational milestone, while the transfer of Hilton's listing to Nasdaq is expected in early November. Continued execution in the Index business, including net inflows and new product launches, and Financial Technology ARR growth will be closely watched, as will the pace of AI and cloud adoption among clients. On the cost side, the company raised its 2026 non-GAAP operating expense guidance to a range of $2.550 billion to $2.580 billion, and a challenging year-ago comparison in Capital Markets Technology could affect near-term growth rates. Macroeconomic conditions, interest-rate policy, and the health of the IPO pipeline also remain important external variables for this capital-markets and financial-technology business.
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NDAQ moved above its 50-day moving average on October 20, 2026 date and that indicates a change from a downward trend to an upward trend. In 22 of 32 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are 69%.
The Momentum Indicator moved above the 0 level on October 15, 2026. You may want to consider a long position or call options on NDAQ as a result. In 50 of 78 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 64%.
The Moving Average Convergence Divergence (MACD) for NDAQ just turned positive on October 09, 2026. Looking at past instances where NDAQ's MACD turned positive, the stock continued to rise in 29 of 43 cases over the following month. The odds of a continued upward trend are 67%.
The 10-day moving average for NDAQ crossed bullishly above the 50-day moving average on October 22, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 10 of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 67%.
Following a +2.71% 3-day Advance, the price is estimated to grow further. Considering data from situations where NDAQ advanced for three days, in 226 of 353 cases, the price rose further within the following month. The odds of a continued upward trend are 64%.
The Aroon Indicator entered an Uptrend today. In 188 of 340 cases where NDAQ Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 55%.
The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 32 of 60 cases where NDAQ's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 53%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where NDAQ declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 51%.
NDAQ broke above its upper Bollinger Band on October 21, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron Price Growth Rating for this company is 14 (best 1 - 100 worst), indicating outstanding price growth. NDAQ’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 17 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 70, placing this stock better than average.
The Tickeron PE Growth Rating for this company is 46 (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron SMR rating for this company is 52 (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 88 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (4.995) is normal, around the industry mean (4.143). P/E Ratio (30.960) is within average values for comparable stocks, (19.659). Projected Growth (PEG Ratio) (1.712) is also within normal values, averaging (1.780). Dividend Yield (0.012) settles around the average of (0.017) among similar stocks. P/S Ratio (5.831) is also within normal values, averaging (7.166).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
an operator of stock exchanges
Industry FinancialPublishingServices