NDAQ trades 38.4% below Wall Street's consensus target of $113.83.
Last 12 months price action with 12-month analyst target path
The base valuation assumes NDAQ achieves its forward estimates and maintains a stable P/E multiple of 20.8x. This scenario reflects the blended consensus of 36 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of June 21, 2026, Nasdaq, Inc. (NDAQ) has a Wall Street consensus price target of $113.83, based on estimates from 36 covering analysts. With the stock currently trading at $82.24, this represents a potential upside of +38.4%. The company has a market capitalization of $46.75B.
Analyst price targets range from a low of $109.00 to a high of $120.00, representing a 10% spread in expectations. The median target of $114.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Buy, with 22 analysts rating the stock as a Buy or Strong Buy,13 rating it Hold, and 1 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, NDAQ trades at a trailing P/E of 26.6x and forward P/E of 20.8x. The forward PEG ratio of 1.95 indicates reasonable valuation for growth. Analysts expect EPS to grow +18.0% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $123.70, with bear and bull scenarios of $77.93 and $162.99 respectively. Model confidence stands at 52/100, reflecting moderate uncertainty in projections.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
ICEIntercontinental Exchange, Inc. | $75.8B | $133.88 | $194.00 | +44.9% | Buy | 16.5x | 36 |
CMECME Group Inc. | $89.4B | $246.38 | $320.67 | +30.2% | Hold | 20.1x | 36 |
CBOECboe Global Markets, Inc. | $26.1B | $249.10 | $314.67 | +26.3% | Hold | 18.5x | 31 |
MKTXMarketAxess Holdings Inc. | $4.3B | $120.33 | $177.80 | +47.8% | Hold | 15.0x | 24 |
TWTradeweb Markets Inc. | $21.2B | $99.49 | $127.67 | +28.3% | Buy | 24.6x | 28 |
MSCIMSCI Inc. | $42.3B | $581.19 | $688.29 | +18.4% | Buy | 29.6x | 27 |
SPGIS&P Global Inc. | $121.6B | $410.92 | $548.11 | +33.4% | Buy | 20.9x | 28 |
FDSFactSet Research Systems Inc. | $8.2B | $221.29 | $262.11 | +18.4% | Hold | 12.5x | 28 |
MCOMoody's Corporation | $79.9B | $450.67 | $541.31 | +20.1% | Buy | 27.0x | 32 |
LSELeishen Energy Holding Co., Ltd. | $68M | $4.01 | — | — | — | — | — |
Quick answers to the most common questions about buying NDAQ stock.
The consensus Wall Street price target for NDAQ is $113.83, representing 38.4% upside from the current price of $82.24. With 36 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
NDAQ has a consensus rating of "Buy" based on 36 Wall Street analysts. The rating breakdown is predominantly bullish, with 22 Buy/Strong Buy ratings. The consensus 12-month price target of $113.83 implies 38.4% upside from current levels.
NDAQ trades at a forward P/E of 20.834x, representing a moderate valuation. With analysts targeting $113.83 (38.4% implied move), the stock appears reasonably valued with upside.
The most bullish Wall Street analyst has a price target of $120 for NDAQ, while the most conservative target is $109. The consensus of $113.83 represents the median expectation. Our quantitative valuation model projects a bull case target of $163 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
NDAQ is heavily covered by Wall Street, with 36 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 22 have Buy ratings, 13 recommend Hold, and 1 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month NDAQ stock forecast based on 36 Wall Street analysts shows a consensus price target of $113.83, with estimates ranging from $109 (bear case) to $120 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $124, with bear/bull scenarios of $78/$163.
Our quantitative valuation model calculates NDAQ's fair value at $124 (base case), with a bear case of $78 and bull case of $163. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 52/100.
NDAQ trades at a forward P/E ratio of 20.8x based on next-twelve-months earnings estimates compared to a trailing P/E of 26.6x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are very optimistic on NDAQ, with a "Buy" consensus rating and $113.83 price target (38.4% upside). 22 of 36 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
NDAQ analyst price targets range from $109 to $120, a 10% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $113.83 consensus represents the middle ground. Our model's $78-$163 range provides an independent fundamental perspective.
Deep dive into NDAQ consensus models and risk factors.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.