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Valued at $46 billion by market cap, Nasdaq, Inc. (NDAQ) is a global leader in financial technology and market infrastructure. Headquartered in New York, the company offers a comprehensive portfolio of services, including trading, market data, analytics, and corporate solutions, delivering innovative and scalable solutions that drive efficiency, transparency, and resilience across global financial markets.
Companies valued at over $10 billion are often categorized as “large-cap stocks,” a distinction Nasdaq exemplifies through its robust market presence, innovation, and leadership in financial technology and market infrastructure. Nasdaq’s commitment to driving transparency, enhancing market efficiency, and delivering advanced trading and analytics solutions highlights its stability, adaptability, and ability to thrive in an increasingly competitive and fast-evolving global financial landscape.
Nasdaq shares are down 4.4% from their 52-week high of $83.77, achieved on Nov. 29. Over the past three months, the stock has gained 9.8%, outperforming the broader Dow Jones Industrials Average’s ($DOWI) 5.9% gains over the same time frame.
Over the longer term, NDAQ stock has risen 42.1% over the past 52 weeks and gained 37.8% on a YTD basis, significantly outperforming the Dow's YTD growth of 16.3% and its 18.2% return over the past year.
NDAQ's bullish momentum is evident as the stock has consistently traded above its 50-day moving average since July and maintained its position above the 200-day moving average in the past year.
On Dec. 2, Nasdaq released its November trading volumes, leading to a marginal decline in its stock during the next trading session. Previously, on Oct. 24, NDAQ stock gained over 1% following the release of its Q3 results. The company reported non-GAAP net revenue of $1.2 billion, representing a 22% year-over-year increase. Non-GAAP diluted EPS rose 5% year-over-year, with a 20% organic growth, showcasing strong performance despite ongoing margin pressures.
Its rival, Intercontinental Exchange, Inc. (ICE), has gained 28% over the past 52 weeks and 21.1% on a YTD basis, underperforming NDAQ in both time frames.
Given its recent strong price performance, analysts maintain a cautiously optimistic outlook on Nasdaq. The stock has a consensus "Moderate Buy" rating from 20 analysts, with a mean price target of $84.50, which suggests a potential upside of 5.5% from its current level.
