80/100BNasdaq stock forecast 2026–2030What is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Analysts' average 12-month price target for Nasdaq is 112.57, 2.9% above the current price of 109.41. Their targets range from 100.00 to 121.00.
Of the 11 firms that rated Nasdaq in the past 12 months, 9 rate it buy or strong buy, 2 hold and 0 sell or strong sell (each firm at its latest rating): a Strong buy consensus.
Analysts' 1-year price targets range from 100.00 to 121.00, with an average of 112.57.
| Buy | 9 | |
| Hold | 2 | |
| Sell | 0 |
12-month price target
| Highest target | 121.00 |
| Average target | 112.57 |
| Lowest target | 100.00 |
| Current price | 109.41 |
Nasdaq price target historyWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Have analysts recently raised or lowered their Nasdaq price target and rating?
How analysts rate Nasdaq, month by monthWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
9 of 11 firms rate it buy now, against 12 of 14 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Nasdaq analyst upgrades, downgrades and price targets
The latest rating change came on 26 February 2026, when TD Cowen upgraded Nasdaq from Hold to Buy. The most recent new target came from Deutsche Bank on 23 October 2026: 118.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 23 Oct 2026 | Deutsche Bank Brian Bedell | — | 118.00 | — | 103.30 |
| 23 Oct 2026 | Barclays | Reiterated · Overweight | 111.00 → 121.00 | +9.0% | 103.30 |
| 9 Oct 2026 | Morgan Stanley | Reiterated · Overweight | 120.00 → 118.00 | -1.7% | 92.37 |
| 2 Oct 2026 | Piper Sandler | Reiterated · Overweight | 108.00 | — | 91.67 |
| 1 Oct 2026 | Wells Fargo | — | 100.00 | — | 91.67 |
| 24 Jul 2026 | Morgan Stanley Michael Cyprys | — | 112.00 → 120.00 | +7.1% | 91.56 |
| 24 Jul 2026 | Barclays | Reiterated · Overweight | 115.00 → 111.00 | -3.5% | 90.42 |
| 10 Jul 2026 | Morgan Stanley | Reiterated · Overweight | 116.00 → 112.00 | -3.4% | 88.81 |
| 9 Jul 2026 | Raymond James Patrick O'Shaughnessy | Reiterated · Outperform | 109.00 → 113.00 | +3.7% | 86.10 |
| 11 Jun 2026 | Redburn Partners Simon Clinch | — | 110.00 | — | 86.72 |
| 24 Apr 2026 | Loop Capital Markets | — | 113.00 | — | 87.04 |
| 26 Feb 2026 | TD Cowen | Upgraded · Hold → Buy | — | — | — |
| 25 Feb 2026 | Raymond James Patrick O\'Shaughnessy | — | 100.00 → 109.00 | +9.0% | 83.99 |
| 30 Jan 2026 | Morgan Stanley Michael Cyprys | Reiterated · Overweight | 113.00 → 116.00 | +2.7% | 98.42 |
| 15 Jan 2026 | Morgan Stanley | Reiterated · Overweight | 111.00 → 113.00 | +1.8% | 100.91 |
| 12 Jan 2026 | UBS Alex Kramm | Reiterated · Buy | 120.00 | — | 99.37 |
| 8 Jan 2026 | Barclays | Reiterated · Overweight | 114.00 → 115.00 | +0.9% | 100.40 |
| 22 Dec 2025 | Morgan Stanley | Reiterated · Overweight | 110.00 → 111.00 | +0.9% | 95.36 |
| 12 Dec 2025 | Barclays | Reiterated · Overweight | 109.00 → 114.00 | +4.6% | 93.87 |
| 20 Nov 2025 | Morgan Stanley | Upgraded · Equal Weight → Overweight | 90.00 → 110.00 | +22.2% | 86.02 |
Nasdaq EPS and revenue estimatesWhat are estimate revisions? Estimate revisions are the changes analysts make to their EPS and revenue forecasts for the years ahead. They show whether expectations are rising or falling.
Analysts expect Nasdaq's EPS to grow 20.5% a year until 2028, faster than over the last 5 years (10.7% a year) and the last 3 years (11.0%).
Analysts expect Nasdaq's revenue to fall 4.9% a year until 2028. Over the last 5 years it grew 7.9% a year, and over the last 3 years it grew 9.7%.
Revenue
EPS
Does Nasdaq beat earnings estimates?What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
On average, analysts' EPS estimate was 4.3% off the result, either way, and their revenue estimate 29.4%, over the last 12 quarters.
- EPS beats
- 68 / 97
- Revenue beats
- 76 / 97
- Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- +3.7%
- Since
- October 2002
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 22 Oct 2026 | 1.02 | 1.04 | +2.0% | 1.47B | 1.48B | +1.0% |
| Q2 FY2026 | 23 Jul 2026 | 0.98 | 1.07 | +8.7% | 1.46B | 1.50B | +3.1% |
| Q1 FY2026 | 23 Apr 2026 | 0.93 | 0.96 | +3.2% | 1.37B | 1.41B | +2.6% |
| Q4 FY2025 | 29 Jan 2026 | 0.92 | 0.96 | +4.1% | 1.37B | 1.39B | +1.9% |
| Q3 FY2025 | 21 Oct 2025 | 0.85 | 0.88 | +3.3% | 1.30B | 1.96B | +50.2% |
| Q2 FY2025 | 24 Jul 2025 | 0.81 | 0.85 | +4.4% | 1.28B | 1.31B | +2.2% |
| Q1 FY2025 | 24 Apr 2025 | 0.77 | 0.79 | +2.5% | 1.23B | 1.24B | +0.5% |
| Q4 FY2024 | 29 Jan 2025 | 0.74 | 0.76 | +2.7% | 1.23B | 2.03B | +65.5% |
| Q3 FY2024 | 24 Oct 2024 | 0.69 | 0.74 | +6.6% | 1.17B | 1.90B | +62.5% |
| Q2 FY2024 | 25 Jul 2024 | 0.64 | 0.69 | +7.5% | 1.13B | 1.79B | +58.5% |
| Q1 FY2024 | 25 Apr 2024 | 0.65 | 0.63 | -3.5% | 1.11B | 1.67B | +50.3% |
| Q4 FY2023 | 31 Jan 2024 | 0.70 | 0.72 | +2.9% | 1.07B | 1.65B | +54.4% |
Nasdaq stock price 2026–2030: scenariosHow are the stock price scenarios calculated? Bear, base and bull prices for the years ahead: the analysts' EPS estimates times the lowest, average and highest P/E of the stock today and at its last five year ends, or of its peers.
If Nasdaq's earnings grow at the 15.8% a year analysts expect to FY2028, then 15.0% a year, it would earn about 7.16 a share in FY2030. At the P/E it has traded at over the last five years (26.9 to 39.9) that is 192.54 to 285.15 a share, or 219.98 at its average P/E of 30.7. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 4.14 | 111.43 | 127.31 | 165.03 |
| FY2027 | 4.74 | 127.60 | 145.78 | 188.97 |
| FY2028 | 5.41 | 145.59 | 166.34 | 215.61 |
| FY2029 (extrapolated) | 6.22 | 167.43 | 191.29 | 247.96 |
| FY2030 (extrapolated) | 7.16 | 192.54 | 219.98 | 285.15 |
Each year's EPS is the analysts' consensus to FY2028; the years after grow 15.0% a year (the analysts' growth, at most 15%). Bear, base and bull apply the lowest, average and highest P/E of today and the last five fiscal year ends, leaving out any above 60, the mark of a year of collapsed earnings (26.9, 30.7, 39.9).
Is Nasdaq stock undervalued or overvalued?How does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
Nasdaq's P/E of 29.6 is around the middle of its 5-year range (9.6 to 49.6, median 31.2). It is in line with its own history. Buyers pay less for each point of growth than usual: a PEG of 1.4 on expected growth against 2.9 on its median P/E and past five years' growth. At its usual P/E (30.3 × EPS of 3.70), Nasdaq's fair value is 112.08, close to the price of 109.41. Its forward P/E, on the consensus for FY2026, is 26.4.
Fair value is the usual (median) P/E of the last five years times the earnings per share of the last twelve months; the ends of the bar are the same earnings at its lowest and highest P/E of those years (9.6 and 42.5). The price against its P/E range
- Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 29.57
- Five-year median P/EWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 31.15
- Five-year P/E range
- 9.6 – 49.6
- Forward P/E (FY2026)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 26.42
- PEG ratioWhat is the PEG ratio? The PEG ratio divides the P/E by the yearly earnings growth analysts expect, to show how much you pay for each point of growth.
- 1.87
- To the average targetWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
- +2.9%
Most undervalued US stocksHow does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 35.850 | 71.4258Price 35.85193 | +99.2% | |
| 29.050 | 56.2634Price 29.0596 | +93.7% | |
| 241.000 | 464.49205Price 241.00627 | +92.7% | |
| 123.590 | 237.24178Price 123.59297 | +92.0% | |
| 161.400 | 305.52159Price 161.40396 | +89.3% | |
| 157.460 | 297.58169Price 157.46471 | +89.0% | |
| 217.560 | 405.38304Price 217.56507 | +86.3% |
Furthest below the fair value on each stock's page, updated every day.