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Upturn AI Summary - About
Nasdaq Inc(NDAQ)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for NDAQ
09/25/2026: NDAQ (3-star) is currently NOT-A-BUY. Pass it for now.
Nasdaq Inc is a global technology and financial services company that operates major securities exchanges while increasingly focusing on high-margin software and data solutions. Its strengths include a diversified business model, a leading position in market indexes, and a strong brand in the financial sector. The primary growth opportunity lies in scaling its fintech and anti-financial crime software segments to drive recurring, non-cyclical revenue. However, the company faces risks from high debt levels following major acquisitions and sensitivity to broader capital market volatility. Nasdaq may suit investors seeking a balance of consistent dividend income and long-term exposure to the digitization of financial markets, while monitoring acquisition integration success.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | Nasdaq is successfully pivoting toward high-growth recurring revenue streams in financial technology. |
| Momentum investor | Mixed fit | Performance is highly dependent on broader market cycles and interest rate environments. |
| Value investor | Mixed fit | The valuation reflects the quality of the franchise but requires steady execution of integration strategies. |
| Dividend investor | Strong fit | The company has a consistent history of dividends and stable cash flow from data and exchange services. |
| Low-risk investor | Mixed fit | While the business is high quality, the debt load from large acquisitions and market volatility introduces risks. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium | As an exchange operator, the stock price can fluctuate with market trading volumes. |
| Valuation risk | Medium | The premium valuation is predicated on successful long-term growth in the fintech segment. |
| Competition risk (AI and Tech) | Medium | Increasing competition from tech-first providers in financial data and software requires constant innovation. |
| Business quality | Strong | Nasdaq maintains a strong market position with significant competitive moats in data and index business. |
| Dividend income | Medium / high | Dividends are well-supported by free cash flow from core business segments. |
| Execution risk | Medium / high | The company must successfully integrate large acquisitions like Adenza to realize value. |
Price Behavior
Flat / Range-Bound
The stock price has been trading within a narrow range with minimal directional movement.
Moderately Choppy
The stock has experienced noticeable price swings while retaining some directional structure.
Analysis of Past Performance
Type Stock | Historic Profit 33.58% | Avg. Invested days 59 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 09/25/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 52.29B USD | Price to earnings Ratio 27.27 | 1Y Target Price 109.67 |
Price to earnings Ratio 27.27 | 1Y Target Price 109.67 | ||
Volume (30-day avg) 3.0M shares | Beta 0.97 | 52 Weeks Range 76.29 - 100.77 | Updated Date 09/25/2026 |
52 Weeks Range 76.29 - 100.77 | Updated Date 09/25/2026 | ||
Dividends yield (FY) 1.18% | Basic EPS (TTM) 3.43 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Market Services | Trading fees, clearing, and settlement services across equities and derivatives. | This is the core exchange business that benefits from market activity. |
| Financial Technology | SaaS platforms for anti-financial crime, risk, and market infrastructure. | This is the fast-growing software business providing stable subscription revenue. |
| Investment Intelligence | Data services and indexing (e.g., Nasdaq-100 benchmarks). | Highly profitable data business that charges for proprietary index and market info. |
| Corporate Platforms | Listing services and corporate governance software. | Revenue driven by companies choosing to list their shares on the Nasdaq exchange. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE 27.27 | Forward PE 23.64 | Enterprise Value 59.80B | Price to Sales(TTM) 9.31 |
Enterprise Value 59.80B | Price to Sales(TTM) 9.31 | ||
Enterprise Value to Revenue 6.85 | Enterprise Value to EBITDA 17.46 | Shares Outstanding 558.98M | Shares Floating 496.52M |
Shares Outstanding 558.98M | Shares Floating 496.52M | ||
Percent Insiders 11 | Percent Institutions 87.12 |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
About Nasdaq Inc
Exchange NASDAQ | Headquarters New York, NY, United States | ||
IPO Launch date 2002-07-01 | CEO & Chairman Ms. Adena T. Friedman | ||
Sector Financial Services | Industry Financial Data & Stock Exchanges | Full time employees 9630 | Website https://www.nasdaq.com |
Full time employees 9630 | Website https://www.nasdaq.com | ||
Nasdaq, Inc. operates as a technology company that serves capital markets and other industries in the United States and internationally. It operates through three segments: Capital Access Platforms, Financial Technology, and Market Services. The company distributes historical and real-time market data; develops and licenses Nasdaq-branded indices and financial products; provides investor relations intelligence, governance solutions, and sustainability solution products for public and private companies, and organizations, as well as insights and workflow solutions; and operates listing platforms. It also offers Verafin, a cloud-based platform to detect, investigate, and report money laundering and financial frauds; AxiomSL, a risk data management and regulatory reporting solution; cloud-enabled and on-premises surveillance solutions to assist in complying with market rules, regulations, and internal market surveillance policies; Calypso, a platform providing cross-asset, front-to-back trading, treasury, risk, and collateral management solutions; and trade management and colocation services, as well as handles assets comprising cash equities, equity derivatives, currencies, various interest-bearing securities, commodities, energy products, and digital currencies. In addition, the company provides equity derivative trading and clearing, cash equity trading and fixed income, currency and commodities trading, and fixed income trading and clearing services, as well as tape plan data services; operates various exchanges, including derivatives, commodities, cash equity, debt, structured products, and exchange traded products; and offers clearing, settlement, and central depository services. The company was formerly known as The NASDAQ OMX Group, Inc. and changed its name to Nasdaq, Inc. in September 2015. Nasdaq, Inc. was founded in 1971 and is headquartered in New York, New York.
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