Nasdaq IPO Triumph Undermined by Flood of Small Offerings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 30 2025
0mins
Source: Barron's
Nasdaq's IPO Leadership: Nasdaq has once again led the U.S. in initial public offerings (IPOs) this year, showcasing its dominance in the market.
New Listings Boosting Performance: Recent IPOs such as CoreWeave, Medline, and SailPoint have contributed to a significant 22% increase in the Nasdaq Composite index.
Market Sentiment: The stock market is currently enthusiastic about new IPOs, indicating a positive sentiment among investors.
Year-End Trading: With only a few trading days left in 2025, the Nasdaq's performance reflects a strong finish to the year.
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Analyst Views on NDAQ
Wall Street analysts forecast NDAQ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NDAQ is 105.89 USD with a low forecast of 96.00 USD and a high forecast of 115.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
10 Buy
1 Hold
0 Sell
Strong Buy
Current: 98.710
Low
96.00
Averages
105.89
High
115.00
Current: 98.710
Low
96.00
Averages
105.89
High
115.00
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.
Nasdaq Reports Strong Q4 Results, Exceeds Expectations
- Quarterly Revenue Growth: Nasdaq's Q4 revenue rose 13% year-over-year to $1.39 billion, surpassing analyst expectations of $1.37 billion, indicating strong performance in the financial services sector.
- Adjusted EPS: The company reported an adjusted EPS of 96 cents, exceeding the analyst consensus estimate of 91 cents, reflecting improved profitability and increased market confidence.
- Annual Recurring Revenue: Nasdaq's Annualized Recurring Revenue increased by 10% year-over-year to $3.1 billion, demonstrating robust growth in recurring revenue streams and enhancing future financial stability.
- Shareholder Return Strategy: In Q4 2025, Nasdaq returned $153 million to shareholders through dividends and repurchased $286 million of common stock, highlighting the company's commitment to shareholder value and its strong financial health.
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- Record Financial Performance: Nasdaq achieved a net revenue of $5.2 billion in 2025, with solutions revenue reaching $4.0 billion and operating income at $2.9 billion, reflecting strong performance across all divisions and exceeding expectations.
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