NDAQ Stock Analysis — Nasdaq, Inc.
Sector: Financials
AI Verdict
Nasdaq trades at 23.2x next year's earnings with 18.5% growth expected, so you're paying up for its defensible exchange and technology moat, but the price leaves little room for disappointment if growth slows.
Competitive Moat
Nasdaq operates one of the world's largest electronic securities exchanges, benefiting from entrenched network effects as both a listing venue and a market technology provider. Its proprietary trading platforms and data services create high switching costs for institutional clients and exchanges globally.
Summary
Nasdaq's 18.5% forward EPS growth forecast is drawing attention as its exchange and technology businesses scale.
Where It Stands
NDAQ has returned 16.81% over the past year with an RSI of 71.2 (overbought) and trades at 23.2x forward earnings versus the financial sector median of 14x.
Key Metrics
- RSI: 71.2 — Overbought
- Trailing P/E: 27.5x
- Forward P/E: 23.2x
- PEG Ratio: 1.49
- Earnings Growth: +0.2%
- Revenue Growth: +0.1%
- Market Cap: $51.6B
- Dividend Yield: 0.01%
- 1-Year Return: 16.81%
- 52-Week High: $101.78
- 52-Week Low: $75.54
Analyst Consensus
21 Buy · 2 Hold · 0 Sell (23 analysts)
Bull Case
You're getting 18.5% expected EPS growth at a 23.2x forward P/E, which is a fair price for a financial infrastructure business with 11.7% trailing revenue growth.
Bear Case
With an RSI of 71.2, a pullback to a sector-median P/E of 14x would mean a 40% valuation drop if growth expectations falter.
Catalyst to Watch
Watch for quarterly earnings and client wins in market technology — upside if EPS growth beats the 18.5% consensus.