JP Morgan Raises Nasdaq (NDAQ) Price Target to $122

JP Morgan kept its positive view on Nasdaq, Inc. on October 23, 2026, reaffirming its Overweight rating while nudging its price target higher. According to a research note issued that day, the firm moved its target from $120.00 to $122.00. The update comes alongside a busy day of adjustments from major Wall Street institutions covering the exchange operator.

NDAQ Nasdaq, Inc.

$103.30 ▲ +7.95% year to date

1M 3M YTD

Daily close · Oct 22, 2026

JP Morgan's Call on Nasdaq, Inc.

In its October 23, 2026 update, JP Morgan chose to maintain its Overweight rating on the financial technology company, increasing the target price to $122.00 from the prior level of $120.00. This forward-looking opinion aligns with a series of concurrent moves from other prominent firms evaluating the stock on the exact same day.

Other Institutional Activity in Nasdaq, Inc.

Other large institutional investors adjusted their holdings during the period ending June 30, 2026. Investor AB grew its holdings by 58,381 shares, ending with 58,439,208 shares worth about $6,055,470,893. Massachusetts Financial Services Co. reduced its stake by 5,800,355 shares, a 20.0% decrease, leaving it with 23,259,539 shares valued at roughly $2,410,153,495. Franklin Resources, Inc. trimmed its position by 69,724 shares, or 0.8%, to hold 9,104,529 shares worth about $943,411,319.

Nasdaq, Inc. Stock Up 7.5%

Nasdaq, Inc. shares recently traded around $103.30 as of October 23, 2026. The stock closed at $103.62 on the day of JP Morgan's rating update, sitting just below its 52-week high of $103.39 and well above its 50-day moving average of $94.77.

Recent Earnings

Nasdaq, Inc. generated trailing twelve month revenue of $5,780,000,000 with earnings of $3.66 per share. The company posted a net profit margin of 36.1% and a return on equity of 17.3%. The next corporate earnings report is scheduled for release on January 28, 2027.

Dividend

Nasdaq, Inc. pays an annual dividend rate of $1.16 per share, representing a dividend yield of 1.12% based on a dividend payout ratio of 32.7%.

Insider Buying and Selling at Nasdaq, Inc.

Executive insider activity involved four transactions by Jeremy Skule between September 10, 2026, and October 20, 2026. On September 10, 2026, Skule sold 1,125 shares at $94.22 each for a total of $105,998. On September 22, 2026, Skule sold another 1,125 shares at $95.00 for $106,875. On October 12, 2026, Skule parted with 1,125 shares at $94.13 worth $105,896. Later, on October 20, 2026, Skule completed a planned sale under a Rule 10b5-1 arrangement, disposing of 1,125 shares at $95.00 for a total value of $106,875.

Analysts Set New Price Targets

Wall Street firms updated their views on October 23, 2026. TD Cowen maintained a buy rating on October 12, lowering its target from $108.00 to $107.00. On October 23, 2026, Morgan Stanley maintained its Overweight rating while raising its target from $118.00 to $132.00. Wells Fargo maintained an Equal-Weight rating and raised its target from $100.00 to $111.00. Barclays maintained an Overweight rating and lifted its target from $109.00 to $121.00. Across the broader analyst community, the stock holds a consensus buy recommendation from 16 analysts with a mean price target of $112.88.

About Nasdaq, Inc.

Nasdaq, Inc. operates as a technology company that provides infrastructure and trading solutions for capital markets and other global industries. Headquartered in New York, the firm organizes its operations around capital access platforms, financial technology, and market services. Monitoring analyst revisions helps investors gauge shifting sentiment around major market infrastructure providers.

Bottom Line

JP Morgan's decision to lift its price target on Nasdaq, Inc. reflects continued confidence alongside a cluster of similar updates from major banks. Investors will look toward the next earnings announcement on January 28, 2027, for further insight into the company's financial trajectory.