Nasdaq: Fairly Valued And Very 'Shareholder-Friendly' In Terms Of Capital Allocation
Why Nasdaq remains a buy: strong Q3 growth, rising recurring revenue, AI-driven efficiency, and 10–13% return potential.
Model output · Signal date 2026-11-06
Nasdaq, Inc. (NDAQ) Stock Forecast Nov. 6, 2026
Analysis updated on Nov. 6, 2026 (UTC) · Alpha · vs marketSwitch to Total · Nasdaq
Rating · 90D
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90-day forecast
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Alpha
Rank in coverage
of 5150 stocks scored
Rank correlation · 90D
-3.0%
Spearman, 357 dates
Market Cap
$59.45B
large-cap · #3 of 12 peers
Summary
Nasdaq, Inc. (NDAQ) stock forecast summary
Our AI scores Nasdaq, Inc. every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
Nasdaq, Inc. is a large-cap company with a market capitalization of $59.45B. It ranks number 3 by market capitalization among the 12 Security & Commodity Brokers, Dealers, Exchanges & Services issuers in our coverage with a current forecast.
For NDAQ, the Spearman rank correlation between our 90-day forecasts and the returns that followed is -3.0%, measured on 357 forecast dates between 2022-08-19 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 31.0%, measured on 400 forecast dates between 2022-08-19 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +3.1%, buy ≥ +1.5%, sell < -0.5%, strong sell < -1.8% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-11-06 signals)
A free account shows the exact forecast, rating and rank of 3 tickers you follow, NDAQ included.
Price
NDAQ price chart and AI forecast
Cross-section · 2026-11-06
How NDAQ ranks among 5150 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Fundamentals · 2026-09-30
Nasdaq, Inc. (NDAQ) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Security & Commodity Brokers, Dealers, Exchanges & Services peers listed below that report each metric.
Valuation & Market
| Metric | NDAQ | Rank |
|---|---|---|
| Market Cap | $59.45B | 3/12 |
| P/E Ratio | 24.68x | 4/7 |
| P/B Ratio | 4.95x | 3/9 |
| Dividend Yield | 1.10% | 3/6 |
| EPS | $4.34 | – |
| Book Value/Share | $21.62 | – |
| Revenue/Share | $8.61 | – |
| FCF/Share | $4.07 | – |
Profitability & Margins
| Metric | NDAQ | Rank |
|---|---|---|
| ROE | 17.4% | 5/8 |
| ROA | 7.6% | 2/8 |
| ROIC | 11.9% | 3/6 |
| Gross Margin | 28.7% | – |
| Operating Margin | 57.1% | 2/7 |
| Net Margin | 43.6% | 2/8 |
| EBT Margin | 54.6% | 2/9 |
| Tax Rate | 20.3% | – |
Financial Health
| Metric | NDAQ | Rank |
|---|---|---|
| Current Ratio | 1.00x | 7/7 |
| D/E Ratio | 1.28x | 7/11 |
| Financial Leverage | 2.28x | 7/11 |
| Interest Coverage | 9.4x | 4/6 |
| Working Capital | $15M | 7/7 |
Cash Flow
| Metric | NDAQ | Rank |
|---|---|---|
| Operating Cash Flow | $2.55B | 5/9 |
| Free Cash Flow | $2.26B | 5/7 |
| Capital Spending | -$288M | 5/7 |
| OCF Growth YoY | 9.0% | 5/6 |
| FCF Growth YoY | 7.6% | 5/6 |
| FCF/Sales | 47.2% | 3/7 |
| CapEx/Sales | 6.0% | 1/7 |
Operational Efficiency
| Metric | NDAQ | Rank |
|---|---|---|
| Asset Turnover | 0.17x | 5/7 |
| Receivables Turnover | 4.1x | – |
| Fixed Assets Turnover | 6.2x | 6/6 |
| Days Sales Outstanding | 89 days | – |
Income Statement
| Metric | NDAQ | Rank |
|---|---|---|
| Total Revenue | $4.78B | 6/7 |
| Operating Income | $2.73B | 3/7 |
| Net Income | $2.08B | 3/8 |
| Cost of Goods Sold | $3.41B | – |
Dividend & Shareholder Information
| Metric | NDAQ | Rank |
|---|---|---|
| Dividends Per Share | $1.18 | – |
| Payout Ratio | 27.2% | 3/6 |
| Shares Outstanding | 555M | – |
| Net Income Growth | 28.2% | 6/7 |
| EPS Growth | 49.1% | 4/7 |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $4.53B | 16.6% of assets |
| Cash & Short-term Investments | $365M | 1.3% of assets |
| Accounts Receivable | $1.17B | 4.3% of assets |
| Total Liabilities | $15.38B | 56.2% of assets |
Quarterly Financial Reports
NDAQ quarterly financials and insider trading
Industry Peers · Security & Commodity Brokers, Dealers, Exchanges & Services
Nasdaq, Inc. (NDAQ) industry peers
Companies classified under the same SEC industry code as Nasdaq, Inc. (Security & Commodity Brokers, Dealers, Exchanges & Services): 12 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| NDAQ Nasdaq, Inc. | $59.45B | |
| CME Cme Group Inc. | $109.99B | |
| ICE Intercontinental Exchange, Inc. | $96.27B | |
| CBOE Cboe Global Markets, Inc. | $36.86B | |
| LPLA Lpl Financial Holdings Inc. | $23.01B | |
| SNEX Stonex Group Inc. | $6.55B | |
| BGC Bgc Group, Inc. | $4.98B | |
| MRX Marex Group Ltd | $4.74B | |
| TOP Top Financial Group Ltd | $1.46B | |
| WTF Waton Financial Ltd | $95M | |
| STEX Streamex Corp. | $63M | |
| SOS Sos Ltd | $4M |
Where NDAQ sits on the market map
Finance · Security & Commodity Brokers, Dealers, Exchanges & Services
News
Nasdaq, Inc. (NDAQ) stock news
S&P 500, Nasdaq, Dow futures dip as investors step back from AI and tech with Nasdaq in correction territory — NVDA, AAPL, UBER, SOXX in focus
The S&P 500 ended Thursday 4.4% lower, the Nasdaq 100 fell 6.4%, and the Dow Jones Industrial Average slipped 3.4%. ・Apple ...
Nasdaq, Inc. (NDAQ) Presents at Autonomous 2026 Future of Commerce Symposium Transcript
We can get started here. So welcome, everyone, to the next session. I'm delighted to have Tal Cohen, who is the President of Nasdaq, and Tal leads Nasdaq's Market Services business as well as the ...
FAQ
Nasdaq, Inc. (NDAQ) stock forecast FAQ
What is the Nasdaq, Inc. (NDAQ) stock forecast?
Our AI scores Nasdaq, Inc. every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
How accurate are Nasdaq, Inc. stock predictions?
For NDAQ, the Spearman rank correlation between our 90-day forecasts and the returns that followed is -3.0%, measured on 357 forecast dates between 2022-08-19 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 31.0%, measured on 400 forecast dates between 2022-08-19 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Nasdaq, Inc. forecasts updated?
Nasdaq, Inc. forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Nov. 6, 2026.
Which companies are Nasdaq, Inc.'s industry peers?
12 issuers in our coverage, NDAQ included, share the SEC industry code Security & Commodity Brokers, Dealers, Exchanges & Services. The largest are: Cme Group Inc. (CME), Intercontinental Exchange, Inc. (ICE), Cboe Global Markets, Inc. (CBOE), Lpl Financial Holdings Inc. (LPLA), Stonex Group Inc. (SNEX), Bgc Group, Inc. (BGC).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.