Is Nasdaq Stock Outperforming the S&P 500?
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Nasdaq, Inc. (NDAQ), valued at a market cap of $54.3 billion, is a leading global financial technology firm headquartered in New York. Best known for operating the Nasdaq Stock Market, it also delivers a broad range of services, including trading, clearing, marketplace technology, regulatory oversight, securities listing, market data, and solutions for both public and private companies.
Companies worth $10 billion or more are typically classified as “large-cap stocks,” and Nasdaq fits the label perfectly, with its market cap exceeding this mark, underscoring its size, influence, and dominance within the financial data & stock exchanges Industry. Its strengths lie in its leading stock exchange platform, diverse revenue streams from trading, listings, data, and technology services, and global brand recognition, positioning it as a tech-forward leader in financial markets.
The stock exchange giant has dropped 1.8% from its 52-week high of $97.63 on Aug. 11. Shares of Nasdaq have popped 10.5% over the past three months, surpassing the S&P 500 Index ($SPX), which has returned 9.4% over the same time frame.
Year-to-date, Nasdaq shares have climbed 24%, outpacing the S&P 500’s 12% gain. Over the past 52 weeks, the stock has surged 33%, well above the S&P 500’s 18.6% increase.
Supporting its bullish momentum, Nasdaq has consistently traded above both its 50-day and 200-day moving averages since early May.
Following the release of its strong Q2 results on July 24, Nasdaq’s stock jumped 5.9%. The company reported revenues net of transaction expenses of $1.3 billion, up 12.7% year-over-year, comfortably exceeding consensus estimates. Continued margin improvements drove non-GAAP net earnings up 23.9% to $492 million, while adjusted EPS of $0.85 surpassed Wall Street expectations by 6.3%.
NDAQ has outpaced its rival, Cboe Global Markets, Inc.’s (CBOE) 11.6% gain over the past 52 weeks and 21% rise in 2025.
The stock has a consensus rating of “Moderate Buy” from the 21 analysts covering it, and its mean price target of $103.67 implies an upswing of 8.1% from the current market prices.
On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.