Nasdaq stock: Morgan Stanley cuts Nasdaq stock target to USD 118.00 from USD 120.00

Published on 10/21/2026 at 15:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nasdaq earned USD 507.0 million, second quarter 2026. Nasdaq stock costs EUR 84.35 on October 21, 2026, up 1.75 percent versus Tradegate close.

Morgan Stanley target cut

Morgan Stanley cut its Nasdaq target from USD 120.00 to USD 118.00 on October 9, 2026.
Nasdaq earned USD 507.0 million in net income during the second quarter of 2026.
Nasdaq stock costs EUR 84.35 at Lang & Schwarz on October 21, 2026 at 3:37 p.m. CEST, 1.75 percent above the Tradegate close of October 20, 2026.
Nasdaq's market capitalization was USD 53.3 billion, with a price-to-earnings ratio of 27.77.

Bauhaus-Stilposter mit MARKETS DATA Schriftzug und geometrischen Formen — Nasdaq Inc. US6311031081 Bauhaus Poster mit MARKETS DATA Schriftzug und geometrischen Formen, Illustration mit AI erstellt.

Morgan Stanley cut its Nasdaq price target from USD 120.00 to USD 118.00 in a report dated October 9, 2026, while keeping an Overweight rating, as MarketBeat reported. Nasdaq stock was trading at EUR 84.35 at Lang & Schwarz on October 21, 2026 at 3:37 p.m. CEST, up 1.75 percent versus the Tradegate close of October 20, 2026 at EUR 82.90.

Second-quarter earnings set the scale

Nasdaq reported USD 2.53 billion in revenue for the second quarter of 2026, up 14.90 percent from the same quarter a year earlier, according to MarketBeat. Net income reached USD 507.0 million, while diluted earnings per share were USD 0.89 for the period.

The standardized quarterly figures also put operating profit at USD 712.0 million and the operating margin at 28.00 percent. Operating cash flow was USD 711.0 million in the same quarter, giving investors a cash-generation measure alongside the revenue increase.

How does the stock compare?

Nasdaq's USD 95.38 home-market quote was dated October 21, 2026 at 9:47 a.m. ET, with the Nasdaq Stock Market open. The 52-week range was USD 76.55 to USD 101.79, placing the stock 6.30 percent below its high and 24.60 percent above its low. Its market capitalization was USD 53.3 billion and its price-to-earnings ratio was 27.77.

Valuation and next dates

The analyst target remains above the home-market price: USD 118.00 is 23.72 percent above USD 95.38. MarketBeat said nineteen brokerages had a Moderate Buy consensus, with an average target of USD 108.83.

Nasdaq is scheduled to report third-quarter 2026 results on October 22, 2026, before the US market opens, according to Zacks. The date gives the next report a direct test of whether the second-quarter revenue pace continued.

Comparison with peers

Nasdaq Inc.: up 1.75 percent, price-to-earnings ratio 27.77, market capitalization USD 53.3 billion.

Intercontinental Exchange (NYSE, USD): down 0.32 percent, price-to-earnings ratio 22.31, market capitalization USD 88.7 billion.

CME Group (NASDAQ, USD): down 0.85 percent, price-to-earnings ratio 23.96, market capitalization USD 105.3 billion.

Price remains below the yearly high

The euro quote sits 17.29 percent below the primary-market 52-week high after the latest session indication. The analyst target and the October 22 reporting date now provide the clearest reference points for the next valuation check.

Nasdaq stock was trading at EUR 84.35 at Lang & Schwarz on October 21, 2026 at 3:37 p.m. CEST, up EUR 1.45 or 1.75 percent versus the Tradegate close of October 20, 2026 at EUR 82.90. The further course of trading is shown by the continuously updated real-time quote of Nasdaq stock.