Piper Sandler raises target for Nasdaq stock from USD 104 to USD 108

Published on 10/07/2026 at 14:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter net revenue reached USD 1.50 billion, up 15.00 percent. Nasdaq stock costs EUR 82.45 on October 7, 2026, versus EUR 81.95, plus 0.61 percent.

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Nasdaq, Inc. stock (ISIN US6311031081) was trading at EUR 82.45 at Lang & Schwarz on October 7, 2026 at 2:29 p.m. CEST, up 0.61 percent versus the prior close of EUR 81.95. Piper Sandler raised its price target for Nasdaq from USD 104.00 to USD 108.00 on October 2, 2026, according to Yahoo Finance.

Target moves above the current price

The revised target is USD 25.55 above the Lang & Schwarz price when comparing currencies only within their own markets, so no euro upside calculation is applied. Yahoo Finance also lists an average analyst target of USD 109.19 and a range from USD 84.00 to USD 132.00, all dated October 6, 2026.

The market is entering Nasdaq's next earnings checkpoint with the company scheduled to report third-quarter 2026 results on October 22, 2026. The date is listed in Nasdaq's official event calendar, which identifies an 8:00 a.m. EDT start for the results call.

Second-quarter growth sets the benchmark

In the second quarter of 2026, Nasdaq generated USD 1.50 billion in net revenue, up 15.00 percent from the prior-year period, while solutions revenue rose 17.00 percent to USD 1.20 billion, according to Fortune.

Annualized recurring revenue increased 12.00 percent year over year to USD 3.30 billion. Diluted earnings per share rose 25.00 percent to USD 1.07, while the operating margin reached 57.00 percent, up 2.00 percentage points from the prior-year period.

The figures show why the analyst target is tied more closely to recurring technology and data revenue than to exchange transaction volumes alone. Nasdaq said its Financial Technology division delivered 15.00 percent revenue growth in the quarter, while Market Services net revenue increased 11.00 percent.

Results date gives the next test

Nasdaq's official event page schedules the third-quarter results for October 22, 2026, at 8:00 a.m. EDT, according to Nasdaq. That report will test whether the 15.00 percent second-quarter net revenue growth and 12.00 percent recurring revenue growth carried into the next period.

Nasdaq is listed on NASDAQ under ticker NDAQ. Its business combines capital access platforms, financial technology and market services, making the recurring revenue trend a central valuation reference for the stock.

Nasdaq stock trades at EUR 82.45

Nasdaq stock was trading at EUR 82.45 at Lang & Schwarz on October 7, 2026 at 2:29 p.m. CEST, plus 0.61 percent versus the prior close of EUR 81.95. The primary-market quote was USD 92.27 on October 6, 2026 at 4:00 p.m. EDT, with a 52-week range of USD 76.55 to USD 101.79 and a market capitalization of USD 51.6 billion.

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