Nasdaq stock fell 1.46 percent as Piper Sandler raised its target

Published on 10/04/2026 at 19:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Piper Sandler lifted its Nasdaq target from USD 104 to USD 108 on October 2, 2026, while retaining Overweight. Q2 net revenue rose 15 percent to USD 1.5 billion.

Draufsicht auf Aktienzertifikat, ISIN-Karte und gedruckte Marktcharts auf dunklem Holztisch — Nasdaq Inc. US6311031081 Flatlay mit Aktienzertifikat ISIN Karte und Marktdaten Charts auf Tisch, Illustration mit AI erstellt.

Nasdaq stock (ISIN US6311031081) was last at USD 90.33 on Nasdaq on October 2, 2026, down 1.46 percent from the prior session. Markets Insider reported on October 2 that Piper Sandler raised its Nasdaq price target from USD 104 to USD 108 and retained an Overweight rating.

Piper target reaches USD 108

The analyst action places the new target USD 17.67 above the October 2 price, a 19.6 percent difference. The change came ahead of Nasdaq's third-quarter results and adds a fresh valuation reference after the stock moved from its 52-week low of USD 76.55 toward a high of USD 101.79.

MarketBeat reported on October 3 that Wells Fargo began coverage with an Equal Weight rating and a USD 100 target. The same report listed a Moderate Buy consensus from 13 analysts and an average target of USD 109.25, which stands 21.0 percent above the October 2 price.

Second-quarter growth supports the case

Nasdaq's second-quarter 2026 results provide the operating backdrop for the target revisions. According to Fortune in the July 23 earnings transcript, net revenue reached USD 1.5 billion, up 15 percent from the prior-year period, while solutions revenue increased 17 percent to USD 1.2 billion.

The company also reported diluted EPS of USD 1.07, up 25 percent year over year, and an operating margin of 57 percent. Annualized recurring revenue rose 12 percent to USD 3.3 billion, giving the technology and exchange operator a recurring-revenue growth point alongside market-volume exposure.

Third-quarter date is set

Nasdaq has scheduled its third-quarter 2026 results for October 22, 2026. The company said in its Nasdaq release dated October 1, 2026, that the results call will begin at 8:00 a.m. ET.

Nasdaq stock remains below its yearly high

Nasdaq stock was last at USD 90.33 on Nasdaq on October 2, 2026, with volume of 3,367,223 shares and a market capitalization of USD 50.5 billion. The price stood 11.2 percent below the 52-week high of USD 101.79.