Nasdaq Reiterates $100 Million Cross-Sell Revenue Target by 2027
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Should l Buy NDAQ?
The company said, "Nasdaq has outlined a set of priorities designed to extend its leadership as a trusted partner to the global financial system: Expanding Nasdaq's Client and Geographic Reach Across its Solutions and markets, Nasdaq will continue to expand its client relationships around the globe. The Listings business continues its leadership in attracting innovative companies that provide a tremendous flywheel of benefits across the company, including in its trading, data, and index businesses. Within Index specifically, with $882B ETP AUM as of December 31, 2025, the business has significant opportunity to expand the geographic and institutional adoption of its products. Across Financial Technology, cross-sell momentum remains strong, with 42 successful cross-sells completed since the Adenza acquisition through year-end 2025. In addition, Nasdaq is reiterating its confidence to meet or exceed its $100 million cross-sell run-rate revenue target by year-end 2027. Evolving Solutions and Operations with AI Leadership Building on the strength of its existing platform, the company will accelerate AI-enabled innovation across its platform and in its fit-for-purpose client solutions to further enhance client outcomes. Nasdaq will discuss several examples of AI built into its advanced, cloud-based solutions, including Verafin, eVestment, AxiomSL, Calypso, and Surveillance, to drive more intelligent decisions and automated workflows for its clients. The company will also continue to advance its leadership by deploying enterprise-grade AI capabilities to drive productivity across the organization, announcing an AI productivity program with a run-rate expense efficiency target of $100M to be actioned by year-end 2027. Transforming Markets and the Financial System The company will continue to modernize market infrastructure by advancing Always-On markets, starting with the transition to 23/5 trading and the tokenization of equities later this year, subject to regulatory approval. These efforts will create powerful flywheels across Capital Access Platforms, Financial Technology and Market Services, expanding connectivity, investor access and liquidity across the broader ecosystem. The company will also drive the transformation of its client experience through the deployment of AI as the technology matures and unlocks additional automation opportunities. Nasdaq's market expertise brings engineering excellence in hyper-low-latency, scaled, machine-to-machine data and workflow processing, all of which are highly applicable to the future of AI implementation across the industry."
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Analyst Views on NDAQ
Wall Street analysts forecast NDAQ stock price to rise
10 Analyst Rating
9 Buy
1 Hold
0 Sell
Strong Buy
Current: 87.580
Low
101.00
Averages
111.50
High
123.00
Current: 87.580
Low
101.00
Averages
111.50
High
123.00
About NDAQ
Nasdaq, Inc. is a global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. The Company manages, operates and provides its products and services in three business segments: Capital Access Platforms, Financial Technology and Market Services. Its Capital Access Platforms segment comprises Data & Listing Services, Index and Workflow & Insights. The Financial Technology segment comprises Financial Crime Management Technology, Regulatory Technology and Capital Markets Technology businesses. Its Market Services segment includes its equity derivative trading and clearing, cash equity trading, fixed income, currency and commodities trading. It operates over 19 exchanges across several asset classes, including derivatives, commodities, cash equity, debt, structured products and exchange-traded products (ETPs).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- New Contract Launch: Nasdaq plans to introduce binary options contracts that allow yes-or-no bets on major stock indexes, aiming to compete with the rapidly growing prediction markets, reflecting strong market demand for new trading formats.
- Pricing Mechanism: These new contracts will be priced between $0.01 and $1.00, designed to reflect the market's view on the probability of an event occurring, thereby providing traders with more flexible investment options.
- Market Trend Response: The request for this rule change comes in the context of the increasing popularity of prediction markets, demonstrating Nasdaq's keen response to market dynamics, which could attract more traders to participate.
- Intensifying Industry Competition: With Cboe Global Markets and Intercontinental Exchange also exploring similar trading products, Nasdaq's initiative may further intensify competition among exchanges, driving innovation and market activity.
See More
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- Stock Split Attraction: Amid the AI hype, investors are increasingly gravitating towards stock splits, particularly forward splits, as they make shares more affordable, thereby attracting more retail investors to participate.
- Booking Holdings Forward Split: Booking Holdings announced a historic 25-for-1 forward split, reducing its share price from $4,250.26 to approximately $170, significantly enhancing retail investor participation and supporting the company's ongoing growth in the travel market.
- Lucid Group Reverse Split: Lucid Group completed a 1-for-10 reverse split, which raised its share price from nearly $2 to almost $20, yet failed to improve its operational performance, facing ongoing financial pressures and declining market demand.
- Market Performance Discrepancy: Companies that execute forward splits typically outperform the S&P 500 in the 12 months following the split, while Lucid's reverse split has not attracted investors, reflecting a pessimistic outlook on its future prospects.
See More
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- Market Performance Insight: Despite economic fluctuations, Booking's strong performance in European and Asian markets has allowed it to maintain high-single-digit to low-double-digit sales growth, demonstrating its competitive edge and solid market share in the global travel sector.
- Technological Innovation Strategy: The company is leveraging generative AI for personalized travel recommendations and is encouraging customers to bundle hotels, car rentals, and attractions through its Connected Trip strategy, aiming to expand market share and enhance customer experience.
- Attractive Valuation: Following a nearly 30% pullback, Booking's valuation has become more appealing, with its forecasted P/E ratio for 2027 expected to be below 14 times, representing a 41% discount to its average P/E ratio over the past five years, attracting investor interest.
See More
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- Stock Performance Decline: Since its January debut, Versant's stock has dropped approximately 25%, with a current market capitalization of around $4.8 billion, reflecting investor concerns regarding the traditional pay-TV business amid the rise of streaming alternatives.
- Revenue Structure Transition: CEO Mark Lazarus indicated that the company aims to transition its business model by 2026, targeting a future where 50% of revenue comes from digital and ad-supported ventures, highlighting a strategic focus on growth opportunities.
- Long-term Partnership Agreements: Versant's long-term agreements with major distributors will extend through 2028 and beyond, providing crucial stability for the company despite upcoming contract renewals, which are expected to be challenging.
See More
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- Strong Performance from Citigroup: Morgan Stanley names Citigroup as a top pick, anticipating robust revenue growth and accelerated buybacks, with analysts predicting an increase in ROTCE targets during the investor day, aiming for mid-teens by 2030, while the stock has risen nearly 40% over the past year.
- Significant Potential for Cummins: Morgan Stanley raised Cummins' price target from $600 to $675 following a strong earnings report, with analysts noting a 14% increase in stock price this year, emphasizing that the current market presents a rare buying opportunity for this attractive investment.
- Increased Confidence in Nasdaq: Morgan Stanley's investor day revealed an upward revision of Nasdaq's medium-term revenue growth forecast to 9-12%, enhancing analysts' confidence in AI as a business enabler, which is expected to bolster investor sentiment moving forward.
See More
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- Future Development Plans: Musk emphasized in a recent interview that Tesla will launch several new initiatives over the next five to ten years, including the Optimus humanoid robot, CyberCab production, and battery manufacturing, showcasing the company's ambitions in autonomous driving and robotics.
- Lagging Stock Performance: Future Fund's Gary Black noted that Tesla's stock has only risen 81% over the past five years, significantly trailing the Nasdaq's 94% increase, reflecting a cautious market sentiment regarding its future growth potential.
- Slow Progress in Autonomy: Despite Musk's confidence in Tesla's autonomous driving prospects, observations from Jefferies indicate that Tesla's robotaxi fleet still requires safety monitoring, suggesting that its fully autonomous business model is not yet fully developed.
- Cybertruck Demand Challenges: The recently introduced lower-priced $59,990 Cybertruck variant faces uneven demand, with only 50,850 units sold in 2025, indicating that market acceptance of this model is below expectations, which could impact future production plans.
See More
