Morgan Stanley adjusts Nasdaq stock target from USD 118 to USD 132
Published on 10/26/2026 at 17:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and quarterly growth
- Morgan Stanley adjusted its Nasdaq target from USD 118.00 to USD 132.00 on October 23, 2026.
- Third-quarter net revenue reached USD 1.48 billion, up 13.00 percent year over year.
- Nasdaq stock costs EUR 92.70 at Lang & Schwarz on October 26, 2026 at 5:01 p.m. CEST, 0.11 percent above the Tradegate close of October 24, 2026.
Nasdaq Inc. (ISIN US6311031081) drew a higher valuation from Morgan Stanley, which adjusted its target from USD 118.00 to USD 132.00 on October 23, 2026, while keeping an Overweight rating, MarketScreener reports. The new target stood 27.39 percent above Nasdaq's USD 103.62 primary-market price at 12:05 p.m. ET on October 26, 2026. Nasdaq stock was trading at EUR 92.70 at Lang & Schwarz on October 26, 2026 at 5:01 p.m. CEST, up 0.11 percent versus the Tradegate close of October 24, 2026 at EUR 92.60.
Quarterly growth broadens the case
Nasdaq reported third-quarter 2026 net revenue of USD 1.48 billion, up 13.00 percent from the year-earlier quarter. Solutions revenue increased 17.00 percent to USD 1.17 billion, while annualized recurring revenue reached USD 3.37 billion, up 12.00 percent on a reported basis and 14.00 percent organically, according to the company's October 22, 2026 filing with the U.S. Securities and Exchange Commission, Nasdaq.
The earnings mix is important because Financial Technology revenue rose 16.00 percent to USD 529.00 million in the third quarter, while Index revenue grew 39.00 percent to USD 286.00 million. Market Services net revenue increased 2.00 percent to USD 309.00 million in the same period, giving the faster-growing technology activities greater weight in the reported result.
Stock stays near its yearly high
The primary-market quote of USD 103.62 sat within a 52-week range of USD 76.55 to USD 104.28 on October 26, 2026. That places the share 0.63 percent below its yearly high. The finance data also showed a market capitalization of USD 57.9 billion and a trailing price-to-earnings ratio of 28.32 on the same date.
Dividend date adds a near-term marker
Nasdaq's quarterly dividend was USD 0.31 per share in the third quarter, according to the October 22 filing. MarketScreener listed December 4, 2026 as the ex-dividend date and the payment at USD 0.31 per share on its Nasdaq company page, MarketScreener. The date gives investors a defined calendar marker after the third-quarter release.
Nasdaq stock in the market frame
Nasdaq combines exchange operations with index licensing, market data and financial technology. The third-quarter figures show the contrast clearly: Solutions revenue rose 17.00 percent, compared with 2.00 percent growth in Market Services, while the USD 132.00 target leaves a quantified spread over the primary-market price.
At Lang & Schwarz, Nasdaq stock was trading at EUR 92.70 on October 26, 2026 at 5:01 p.m. CEST, 0.11 percent above the Tradegate close of October 24, 2026 at EUR 92.60. The further course of trading is shown by the continuously updated real-time quote of Nasdaq stock.
Nasdaq stock facts
- Company: Nasdaq, Inc.
- ISIN: US6311031081
- Ticker: NDAQ
- Primary exchange: Nasdaq
- Price Lang & Schwarz as of October 26, 2026, 5:01 p.m. CEST: EUR 92.70
- Change versus Tradegate close: plus 0.11 percent
- Tradegate close October 24, 2026: EUR 92.60
- Market capitalization: USD 57.9 billion (as of October 26, 2026)
- 52-week range: USD 76.55-104.28 (as of October 26, 2026)
- Sector / Industry: Financial Services / Financial - Data and Stock Exchanges
Market context: Market report Nasdaq Composite.
