Morgan Stanley Has Lowered Expectations for Nasdaq (NASDAQ:NDAQ) Stock Price

Posted by Stanley Muller on Oct 9th, 2026

Nasdaq (NASDAQ:NDAQ – Get Free Report) had its target price reduced by equities research analysts at Morgan Stanley from $120.00 to $118.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Morgan Stanley’s price target indicates a potential upside of 27.75% from the company’s previous close.

NDAQ has been the topic of a number of other reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Nasdaq in a research note on Monday, July 20th. Barclays restated an “overweight” rating and set a $109.00 target price (down from $111.00) on shares of Nasdaq in a research note on Wednesday. Wells Fargo & Company initiated coverage on Nasdaq in a report on Friday, October 2nd. They issued an “equal weight” rating and a $100.00 target price on the stock. Piper Sandler reaffirmed an “overweight” rating and issued a $108.00 price target (up from $104.00) on shares of Nasdaq in a research report on Friday, October 2nd. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Nasdaq in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $108.92.

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Nasdaq Stock Performance

NASDAQ:NDAQ opened at $92.37 on Friday. Nasdaq has a 1 year low of $76.55 and a 1 year high of $101.79. The firm’s fifty day simple moving average is $94.78 and its 200 day simple moving average is $90.26. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $51.63 billion, a PE ratio of 26.93, a PEG ratio of 1.64 and a beta of 0.99.

Nasdaq (NASDAQ:NDAQ – Get Free Report) last announced its earnings results on Thursday, July 23rd. The financial services provider reported $1.07 EPS for the quarter, topping the consensus estimate of $0.98 by $0.09. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $1.46 billion. Nasdaq had a net margin of 22.60% and a return on equity of 18.38%. The business’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 EPS. On average, sell-side analysts anticipate that Nasdaq will post 4.14 EPS for the current year.

Insider Buying and Selling

In other Nasdaq news, EVP Bradley Peterson sold 13,000 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $92.61, for a total value of $1,203,930.00. Following the completion of the sale, the executive vice president owned 128,293 shares in the company, valued at approximately $11,881,214.73. This trade represents a 9.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jeremy Skule sold 1,125 shares of Nasdaq stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $95.00, for a total value of $106,875.00. Following the sale, the executive vice president directly owned 100,073 shares in the company, valued at $9,506,935. The trade was a 1.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 44,047 shares of company stock valued at $4,139,191 over the last three months. 0.60% of the stock is owned by corporate insiders.

Institutional Trading of Nasdaq

Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. bought a new position in Nasdaq in the second quarter worth $2,931,637,000. Bank of America Corp DE bought a new stake in Nasdaq in the 2nd quarter valued at $603,631,000. Nuveen LLC increased its holdings in Nasdaq by 82.0% in the 4th quarter. Nuveen LLC now owns 6,073,271 shares of the financial services provider’s stock valued at $589,897,000 after buying an additional 2,736,322 shares during the period. The Manufacturers Life Insurance Company acquired a new position in shares of Nasdaq in the 2nd quarter valued at $377,818,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Nasdaq by 4.8% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,884,101 shares of the financial services provider’s stock valued at $306,145,000 after buying an additional 177,114 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors.

About Nasdaq

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Nasdaq, Inc is a global financial technology, market infrastructure and exchange company headquartered in New York City. The company operates Nasdaq stock exchanges in the United States and provides trading, clearing, settlement, listing and market data services. Through its Nordic and Baltic operations, Nasdaq also serves financial markets across Northern Europe.

Nasdaq’s business includes exchange and market services, index development, investment intelligence, and technology solutions for exchanges, brokers, banks, asset managers and other financial institutions.