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NDAQ

NasdaqB
Nasdaq / Financial Services
Last Price
Quote time unavailable
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Current thesis
Solutions and recurring-revenue execution broadened: Q3 Solutions revenue rose 18% organically, FinTech ARR rose 18% organically, and Index revenue rose 39% on $49 billion of quarterly net inflows. Continued client conversion could support earnings beyond the modest Q3 consensus beat.
Posture
Constructive
Lead driver
Sentiment
What changed
15 setup hits (3d) with net bullish as of 2026-10-24.
What can break
2026 non-GAAP operating-expense guidance increased to $2.550–$2.580 billion; acquisition and technology-investment costs could dilute operating leverage. [#SEC-8K-2026-10-22]
Momentum
81
Value
50
Sentiment
58
Setup hits (3d)
15 · Net Bullish
AI TargetsBase $108.00 · Bull $118.00 · Bear $91.00Analysis 2026-10-23; returns require an exact persisted reference.
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-10-23 • Vendor: Data Vendor v1
Scores
As of 2026-10-23 • Model: HYBRID_IC_RP
AI Memo
As of 2026-10-23 • Model: RankAlpha Sentiment Codex
Investment thesis
As of 2026-10-23

Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-10-23. Definitions

Supporting evidence
What
Grade B · Constructive
Confidence Medium · Net Bullish
Target $110.41
Why
Momentum81 · Δ7d +9.4
Value50 · Δ7d -0.1
Sentiment58 · Δ7d -10.8
So what
Strength-led posture (Net Bullish). Favor watchlist adds and disciplined entries.

Confirming evidence

  • • 15 setup hits (3d) with net bullish as of 2026-10-24.
  • • Sentiment remains the lead driver in the composite, 7D delta -10.8.

Contradictions & invalidation

  • • 2026 non-GAAP operating-expense guidance increased to $2.550–$2.580 billion; acquisition and technology-investment costs could dilute operating leverage. [#SEC-8K-2026-10-22]
  • • Cross-sell pipeline and client signings may not convert into the targeted 2027 revenue run rate.
  • • The $0.02 non-GAAP EPS beat was small relative to the approximately 7.5% results-day share-price jump.

Catalyst clock

2026-11-06

Q3 beat and post-print reassessment

Lead driver: Sentiment · See AI snapshot
Momentum
81
8% active weight
Current posture
7d trendImproving
Δ7d
+9.4
Δ21d
+22.0
Value
50
47% active weight
Current posture
7d trendFlat
Δ7d
-0.1
Δ21d
-0.4
Sentiment
58
45% active weight
Current posture
7d trendSoftening
Δ7d
-10.8
Δ21d
-28.9
Why this grade

Composite grade B. Momentum 81.1 / Value 49.7 / Sentiment 57.6

Scenario snapshot

Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-10-23. Scenario method

B+
Bull case
25%
Probability
Target price
$118.00
Analysis reference price unavailable
Analysis 2026-10-23 · RankAlpha Sentiment Codex
Most likely
B
Base case
50%
Probability
Target price
$108.00
Analysis reference price unavailable
Analysis 2026-10-23 · RankAlpha Sentiment Codex
B-
Bear case
25%
Probability
Target price
$91.00
Analysis reference price unavailable
Analysis 2026-10-23 · RankAlpha Sentiment Codex
Fundamentals (TTM)
As of 2026-10-23
Market Cap
$57.33B
Beta
1.02
Shares Out
558.98M
P/E (TTM)
35.1
P/S (TTM)
6.88
P/FCF (TTM)
37.18
Rev YoY
+20.5%
EPS YoY
+14.4%
Gross Margin
+57.0%
Op Margin
+30.8%
Net Debt
$8.71B
Current Ratio
1.01
As of 2026-10-23 • Updated nightlySource: Internal modelMethods & Data