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NDAQ

NasdaqB
Nasdaq / Financial Services
Last Price
Quote time unavailable
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Current thesis
Data and surveillance subscription growth accelerates, listings and trading volumes rebound, and buybacks support EPS—driving multiple expansion toward the analyst high and realizing upside to $123.
Posture
Constructive
Lead driver
Sentiment
What changed
7 setup hits (3d) with net bullish as of 2026-09-09.
What can break
Competitive pressure from other exchanges and fintech entrants on pricing and distribution
Momentum
64
Value
50
Sentiment
74
Setup hits (3d)
7 · Net Bullish
AI TargetsBase $109.00 · Bull $123.00 · Bear $82.00Analysis 2026-01-30; returns require an exact persisted reference.
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-08-17 • Vendor: Data Vendor v1
Scores
As of 2026-09-09 • Model: HYBRID_IC_RP
AI Memo
As of 2026-01-30 • Model: RankAlpha Sentiment AI
Investment thesis
As of 2026-09-09

Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-09-09. Definitions

Supporting evidence
What
Grade B · Constructive
Confidence Medium · Net Bullish
Target $111.31
Why
Momentum64 · Δ7d -5.7
Value50 · Δ7d -0.1
Sentiment74 · Δ7d +10.6
So what
Strength-led posture (Net Bullish). Favor watchlist adds and disciplined entries.

Confirming evidence

  • • 7 setup hits (3d) with net bullish as of 2026-09-09.
  • • Sentiment remains the lead driver in the composite, 7D delta +10.6.

Contradictions & invalidation

  • • Competitive pressure from other exchanges and fintech entrants on pricing and distribution
  • • Delayed execution or slower adoption of paid data/analytics products
  • • Prolonged volume weakness, adverse regulatory action, or sustained pricing pressure on data compresses revenue and margins, forcing a multiple re-rating toward the bear target.

Catalyst clock

2026-04-30

Q4 / FY2025 Earnings (estimated release)

Lead driver: Sentiment · See AI snapshot
Momentum
64
9% active weight
Current posture
7d trendSoftening
Δ7d
-5.7
Δ21d
-8.2
Value
50
28% active weight
Current posture
7d trendFlat
Δ7d
-0.1
Δ21d
+0.0
Sentiment
74
62% active weight
Current posture
7d trendImproving
Δ7d
+10.6
Δ21d
+4.5
Why this grade

Composite grade B. Momentum 63.6 / Value 50.2 / Sentiment 73.5

Scenario snapshot

Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-01-30. Scenario method

B+
Bull case
20%
Probability
Target price
$123.00
Analysis reference price unavailable
Analysis 2026-01-30 · RankAlpha Sentiment AI
Most likely
B
Base case
65%
Probability
Target price
$109.00
Analysis reference price unavailable
Analysis 2026-01-30 · RankAlpha Sentiment AI
B-
Bear case
15%
Probability
Target price
$82.00
Analysis reference price unavailable
Analysis 2026-01-30 · RankAlpha Sentiment AI
Fundamentals (TTM)
As of 2026-08-17
Market Cap
$54.04B
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 2026-09-09 • Updated nightlySource: Internal modelMethods & Data