Nasdaq price target raised to $105 from $98 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Nasdaq (NDAQ) to $105 from $98 and keeps a Buy rating on the shares following quarterly results. The firm says that overall, results reaffirmed its confidence in Nasdaq’s accelerating momentum in the Solutions businesses into 2026, specifically within FinTech where demand remains strong and new wins begin to flow into the revenue run-rate. Despite the 6% move in the stock, Goldman sees accelerating trends in the Solutions businesses, consistent operating leverage, and a more robust capital return profile remaining supportive of further multiple expansion.