NDAQ

Nasdaq, Inc.
Financial ServicesFinancial Data & Stock ExchangesNASDAQ
$92.52
+$2.16 (2.33%)today
Conviction
0/ 10
Fair Value$108.21
Upside+16.96%
Signal0
Market Cap$49.7B
52W Range$65.70–$101.79
Next EarningsApr 23

Price History

FAIR VALUE ANALYSISMonte Carlo · 5,000 runs · 99% valid
Fair Value$62.22
Current Price$86.36
Upside / Down-28.0%
P(Undervalued)4.4%
P(20%+ Up)0.0%
P(15%+ Down)80.6%

Fair Value Distribution — percentile bands

4.4% of simulations place fair value above current price

WHAT IS PRICED IN

Revenue-Based Reverse DCF

15.7%/yr

±4.3% · revenue growth to justify current price

FCF-Based Reverse DCF

17.3%/yr

±3.1% · FCF growth to justify current price

THE GAP

Market pricing margin compression or rising capex

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Quick Take

Nasdaq, Inc.

Trailing P/E28.2x
Forward P/E19.8x
P/S9.5x
EPS (TTM)$3.09
Analyst Target$108.21
Analyst Upside17.0%

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Bull Case

No analysis yet

Bear Case

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Research Feed

sec_10kMar 2
Conviction: unchanged
NDAQ 2025 10-K: Strong listings momentum, AI/cloud transformation, macro risks priced in

Nasdaq 2025 10-K shows strong listing momentum, robust fintech growth, but faces SEC regulatory headwinds on trading rebates (Nov 2026) and execution risk on cloud transformation. Valuation pricing in...