TD Cowen cuts target for Nasdaq stock to USD 107.00

Published on 10/13/2026 at 11:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 2.53 billion, up 14.90 percent year over year. Nasdaq stock costs EUR 84.35 on October 13, 2026.

Key points in brief

TD Cowen cut its Nasdaq price target from USD 108.00 to USD 107.00 on October 12, 2026.
Nasdaq reported USD 2.53 billion in second-quarter revenue, up 14.90 percent year over year.
Nasdaq stock was trading at EUR 84.35 at Lang & Schwarz on October 13, 2026 at 11:29 a.m. CEST.
The company is scheduled to report third-quarter 2026 results on October 22, 2026.

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TD Cowen cut its Nasdaq price target from USD 108.00 to USD 107.00 on October 12, 2026, while keeping a Buy rating, according to Transcript Daily. Nasdaq stock was trading at EUR 84.35 at Lang & Schwarz on October 13, 2026 at 11:29 a.m. CEST.

Analyst target moves to USD 107

The TD Cowen change leaves a USD 23.00 gap between the target and the current US reference price reported by the same analyst overview. Barclays had also reduced its target from USD 111.00 to USD 109.00 on October 7, 2026, while Wells Fargo began coverage with an Equal Weight rating and a USD 100.00 target on October 2, 2026, according to Transcript Daily.

Revenue reached USD 2.53 billion

Nasdaq reported USD 2.53 billion in revenue for the second quarter of 2026, up 14.90 percent from the prior-year quarter, and adjusted earnings per share of USD 1.07 versus USD 0.98 consensus, according to Transcript Daily. The comparison matters because Nasdaq's latest quarterly revenue growth has been paired with continued analyst target revisions rather than a single consensus view.

Three recent operating milestones

On September 29, 2026, Nasdaq introduced an AI integration framework for capital-market and treasury workflows through Nasdaq Calypso, as reported by GuruFocus. On September 24, 2026, the company said it was preparing Nasdaq Equity Tokens for the second quarter of 2027 at the Bank of America financials conference, according to Investing.com. On October 7, 2026, Nasdaq reported September volumes and third-quarter statistics for the quarter ended September 30, 2026, according to Nasdaq.

What comes on October 22?

Nasdaq has scheduled its third-quarter 2026 results announcement and investor conference call for October 22, 2026 at 8:00 a.m. Eastern, according to GlobeNewswire. The next report will show whether the USD 2.53 billion second-quarter revenue base and the USD 1.07 adjusted earnings-per-share result carried into the third quarter.

EUR 84.35 at Lang & Schwarz

Nasdaq stock was trading at EUR 84.35 at Lang & Schwarz on October 13, 2026 at 11:29 a.m. CEST. The reference price is presented without a daily percentage because the dated Xetra closing base required for the comparison was not substantiated.

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