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NDAQ

Nasdaq Inc

NASDAQ: NDAQ · FINANCIAL SERVICES · FINANCIAL DATA & STOCK EXCHANGES

$91.91
+0.70% today

Updated 2026-04-30

Market cap
$51.10B
P/E ratio
27.08
P/S ratio
9.43x
EPS (TTM)
$3.32
Dividend yield
1.24%
52W range
$73 – $101
Volume
3.5M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Nasdaq Inc (NDAQ) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$91.91
Consensus
$104.07
+13.23%
2030 Target
$175.80
+91.27%
DCF
—
—
14 analysts:
8 Buy1 Hold0 Sell

Management guidance

At Nasdaq Investor Day 2026 (March 1), management announced new growth targets and a $3B buyback program, signaling confidence in long-term revenue expansion. Specific near-term guidance: FY2026 revenue $5.81B (10.73% growth), FY2027 revenue $6.28B (8.12% growth). Management is pushing into AI, cloud, blockchain, and tokenized securities as growth drivers, with partnerships announced (Kraken for 24/7 tokenized trading launching 2027, Talos for tokenized collateral management, SEC approval for tokenized securities trading).

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$290.07
$8.3B Rev × 20x P/S
Base case (2030)
$175.80
$8.3B Rev × 12x P/S
Bear case (2030)
$114.27
$8.3B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$6.1B$7.4B$8.2B$5.8B$6.3B$6.8B$7.5B$8.3B
Revenue growth—22.0%11.1%10.7%8.1%9.0%9.8%10.1%
EPS$2.83$2.82$3.48$3.98$4.48$5.15$6.05$7.10
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$123.06$131.85$149.43$158.22$175.80

Catalysts & risks

Growth catalysts
+ Tokenized securities trading launch (2027) - 24/7 trading via Kraken partnership expanding TAM and data products
+ AI/ML integration across market data, analytics, and compliance products driving higher-margin SaaS revenue
+ Texas Stock Exchange dual listings creating new listing fees and market share gains vs. NYSE
+ Private markets indexes standardization (new Private Capital Indexes) capturing emerging $10T+ alternative assets TAM
+ $3B share buyback program through 2028 supporting EPS accretion
+ Crypto/digital asset market recovery and spot Bitcoin/Ethereum ETF listings driving trading volumes and index licensing
Key risks
- Regulatory headwinds on crypto/tokenized assets if SEC policy shifts; blockchain roadmap faces execution risk
- Competition from Cboe (24-hour EDGX launch) and Texas Stock Exchange fragmenting listing and trading revenue
- Market volatility compression: lower equity trading volumes in bear market compress transaction-based revenue
- Tech spending slowdown: data/analytics revenue depends on institutional client capex cycles
- High valuation (28.0x P/E, 20.01x forward P/E) leaves limited margin of safety if growth disappoints

Methodology

Nasdaq Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 14 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.