Small-Cap IPOs Experienced Significant Losses in 2025; Anticipate Increased Regulation in 2026.
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 Index: Recent IPOs from companies like CoreWeave, Medline, and SailPoint have contributed to a significant 22% increase in the Nasdaq Composite Index.
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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.
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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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