NDAQ · NASDAQ · STOCK
Nasdaq (NDAQ) Stock Analysis
$94.50
52W $76.55 – $101.79
59/100
$52.93B
27.3
0.97
Is NDAQ Bullish or Bearish?
Mixed.
Innellis AI committee rates Nasdaq, Inc. (NDAQ) Watch with a composite score of 59/100
, based on 6 analysts with 50% agreement.
Last updated September 22, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +1.25 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Reduce
- Requires the score to fall below 40.0 — -18.75 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Macro Analyst sees a compelling case — vix regime is low -- calm backdrop supports risk-taking. Risk Analyst remains cautious — bollinger bandwidth of 15.1% signals elevated volatility. This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- ROE of 16.3% shows genuine earnings power backing the valuation — Value
- EPS growing 31.8% YoY — Growth
- 5 consecutive earnings beats -- consistent execution — Growth
- Quarter-over-quarter growth rate is ACCELERATING, not just positive — Growth
- VIX regime is low -- calm backdrop supports risk-taking — Macro
- News sentiment is positive (+0.33 across 40 articles, 14d) — News
Bear Case
- P/E of 26.7 is moderate-to-rich — Value
- Price-to-book of 4.5x prices in significant intangible value — Value
- MACD histogram negative -- bearish momentum — Technical
- Bollinger bandwidth of 15.1% signals elevated volatility — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of September 22, 2026
Overall Committee Score
59/100
Agreement
50%
Analysts
6
Conviction
Contested
Sector Rank
Top 68%
of 211 Financial Services peers
Value Analyst
neutral
48
/ 100 · Moderate confidence
Fair value -- neither a bargain nor obviously overpriced
+ ROE of 16.3% shows genuine earnings power backing the valuation
− P/E of 26.7 is moderate-to-rich
Growth Analyst
bullish
72
/ 100 · High confidence
Strong, accelerating growth with consistent execution
+ EPS growing 31.8% YoY
Technical Analyst
neutral
48
/ 100 · High confidence
Mixed or range-bound price action
− MACD histogram negative -- bearish momentum
Risk Analyst
bearish
35
/ 100 · Low confidence
Elevated risk from leverage, volatility, event exposure, or portfolio concentration -- size accordingly
− Bollinger bandwidth of 15.1% signals elevated volatility
Macro Analyst
bullish
80
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
+ VIX regime is low -- calm backdrop supports risk-taking
News Analyst
bullish
68
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.33 across 40 articles, 14d)
Portfolio Manager
neutral
55
/ 100 · Moderate confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− 4 existing position pair(s) are highly correlated already
Investment Thesis Evolution
Committee score moved marginally from 55.9 to 58.8.
- New bearish signals: 3 appeared.
- Bullish support removed: 1 signal(s) disappeared.
- New bullish signals: 2 appeared.
- Bearish pressure eased: 4 signal(s) disappeared.
Analyst-level changes:
- Macro Analyst: score 65->80 (+15); +1 bullish signal(s).
- News Analyst: +1 bullish signal(s).
- Portfolio Manager: score 45->55 (+10); +1 bearish signal(s).
- Risk Analyst: +1 bearish signal(s).
- Value Analyst: +1 bearish signal(s).
Comparing 2026-09-21 to 2026-09-22 (1 day apart).
Technical Analysis
RSI (14)
56.9
Neutral
MACD Histogram
-0.368
Bearish Momentum
Trend Direction
Sideways
Weekly: Downtrend
Market Structure
Mixed
Support
$84.78
Resistance
$101.78
Bollinger %B
0.46
Inside Bands
Price vs Moving Averages
EMA 9
$92.84
Above
EMA 21
$93.97
Above
EMA 50
$93.52
Above
EMA 200
$90.89
Above
Fundamental Analysis
Valuation
68
Growth
85
Profitability
82
Financial Health
43
Cash Flow
70
Valuation
P/E Ratio
27.3×
P/B Ratio
4.46×
PEG Ratio
0.85
Dividend Yield
1.23%
52W High
$101.79
52W Low
$76.55
Quality & Growth
ROE
1463.2%
ROA
576.1%
Gross Margin
5935.4%
Operating Margin
3158.4%
Revenue Growth YoY
—
Debt / Equity
0.77
AI Fundamental Assessment
P/E ratio of 27.3 (moderate relative to a 15-40x range); Price-to-book of 4.5x; PEG ratio of 0.9 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 14.6%; Return on assets of 5.8%; Net margin of 22.6%; Gross margin of 59.4%; Current ratio of 0.48 (tight short-term liquidity); Debt-to-equity of 0.77; Free cash flow per share is positive (3.46); Most recent quarter beat estimates by 6.7%; 5 consecutive earnings beats; EPS growth accelerating (+0.0% -> +11.5% QoQ); Average YoY EPS growth of 25.9%; Analyst estimates rising over recent quarters
Get the Full NDAQ Analysis
Interactive charts · Live committee votes · Trade plan · Paper trading · AI Q&A
Open in Terminal →