Piper Sandler raises target for Nasdaq stock from USD 104.00 to USD 108.00

Published on 10/05/2026 at 14:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 net revenue rose 14.90 percent to USD 1.50 billion. Nasdaq stock costs EUR 80.50 on October 5, 2026 versus EUR 80.50 prior close.

Nasdaq Inc., US6311031081, Illustration mit AI erstellt.

Nasdaq stock was trading at EUR 80.50 at Lang & Schwarz on October 5, 2026 at 2:34 p.m. CEST, unchanged from the EUR 80.50 prior close. The latest analyst action came on October 2, 2026, when Piper Sandler raised its price target from USD 104.00 to USD 108.00 while maintaining an Overweight rating, as TipRanks reported.

Target rises ahead of results

The USD 4.00 increase puts the new target 17.31 percent above the USD 91.67 Nasdaq share price cited in the analyst coverage. That comparison uses the primary-market price from October 2, 2026, while the reference quote for this article remains the euro price at Lang & Schwarz.

MarketBeat also reported that Wells Fargo initiated coverage with an Equal Weight rating and a USD 100.00 target on October 3, 2026. The two targets frame a cautious contrast: Piper Sandler sees more upside, while Wells Fargo's target sits below Piper Sandler's revised level.

Q2 growth came from several engines

In the second quarter of 2026, Nasdaq generated USD 1.50 billion of net revenue, up 14.90 percent from USD 1.31 billion a year earlier, according to Financial Report Insights. GAAP operating income increased 25.20 percent to USD 712.00 million, while GAAP diluted earnings per share rose 14.50 percent to USD 0.89.

The report separates recurring technology growth from market-sensitive activity. Financial Technology revenue increased 16.00 percent to USD 539.00 million, and Financial Technology annualized recurring revenue also grew 16.00 percent to USD 1.87 billion. Index revenue rose 38.00 percent to USD 271.00 million, showing how rising asset values and trading activity can amplify quarterly results.

October results date is set

Nasdaq has scheduled its third-quarter 2026 results announcement for October 22, 2026, with the investor conference call at 8:00 a.m. Eastern, according to the company's Nasdaq release dated October 1, 2026. The upcoming report will test whether technology subscriptions continue to expand at the same pace while index and trading revenue remain exposed to market levels.

Nasdaq stock stays in its yearly range

Nasdaq stock's 52-week range was USD 76.55 to USD 101.79 as of October 2, 2026, with market capitalization at USD 50.50 billion. The primary Nasdaq listing was quoted at USD 90.33 at 4:00 p.m. ET on October 2, 2026, while the euro quote provided the German-market reference for October 5, 2026.

The further course of trading is shown by the continuously updated real-time quote of Nasdaq stock.