Nasdaq stock: TD Cowen cuts target for Nasdaq stock to USD 107.00

Published on 10/19/2026 at 15:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nasdaq reports third-quarter results on October 22, 2026. Nasdaq stock costs EUR 83.35 on October 19, 2026 at 3:37 p.m. CEST.

Targets and dates guide trading

TD Cowen lowered its Nasdaq target from USD 108.00 to USD 107.00 on October 12, 2026.
Nasdaq is scheduled to report third-quarter results on October 22, 2026.
Nasdaq stock costs EUR 83.35 at Lang & Schwarz on October 19, 2026 at 3:37 p.m. CEST.
Nasdaq trades at a P/E ratio of 27.21 and a market capitalization of USD 52.3 billion.

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TD Cowen cut its Nasdaq target from USD 108.00 to USD 107.00 in a research note dated October 12, 2026, according to MarketBeat. The new target stands 14.44 percent above Nasdaq's USD 93.50 Nasdaq price from October 19, 2026, based on the structured market quote.

Nasdaq is due to report third-quarter results on October 22, 2026, before the US market opens, as reported by Gekko. The date gives the analyst target a near-term test, while the company enters the report with second-quarter revenue of USD 2.53 billion and diluted earnings per share of USD 0.89 for the quarter ended June 30, 2026.

Price position brings mixed signals

Nasdaq stock was trading at EUR 83.35 at Lang & Schwarz on October 19, 2026 at 3:37 p.m. CEST. The quote was below the USD 93.50 Nasdaq price at the same day's 1:50 p.m. ET quote, so the two currencies should not be combined into one performance measure.

The Nasdaq quote stood between a 52-week low of USD 76.55 and a high of USD 101.79, with the range dated October 19, 2026. Its market capitalization was USD 52.3 billion, the price-to-earnings ratio was 27.21 and the trailing dividend yield was 1.00 percent.

What does the target imply

The analyst picture is not uniform. MarketBeat listed 19 brokerages with a Moderate Buy consensus, including 12 buy ratings, six holds and one strong buy. The average target was USD 108.83, while TD Cowen's USD 107.00 target was more cautious than that average.

Comparison with peers on October 19, 2026

Nasdaq Inc. (Nasdaq, USD): minus 0.49 percent, P/E 27.21, market capitalization USD 52.3 billion
Intercontinental Exchange (NYSE, USD): minus 1.10 percent, P/E 22.58, market capitalization USD 89.7 billion
CME Group (Nasdaq, USD): minus 0.43 percent, P/E 24.84, market capitalization USD 105.2 billion

Next date sets the near-term test

For Nasdaq, the October 22 results date is the next scheduled corporate event. The second-quarter comparison provides the latest operating baseline: revenue reached USD 2.53 billion, up 14.90 percent from the prior year, while net income attributable to common shareholders was USD 507.0 million for the quarter ended June 30, 2026.

Nasdaq stock was trading at EUR 83.35 at Lang & Schwarz on October 19, 2026 at 3:37 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Nasdaq stock.