Is Nasdaq Stock Outperforming the S&P 500?

Core Insights - Nasdaq, Inc. is a leading global financial technology firm with a market cap of $54.3 billion, known for operating the Nasdaq Stock Market and providing a wide range of services [1][2] Company Overview - Nasdaq is classified as a "large-cap stock" due to its market cap exceeding $10 billion, highlighting its size and influence in the financial data and stock exchanges industry [2] - The company has a diverse revenue stream from trading, listings, data, and technology services, positioning it as a tech-forward leader in financial markets [2] Stock Performance - Nasdaq's stock has dropped 1.8% from its 52-week high of $97.63 on August 11, but has increased by 10.5% over the past three months, outperforming the S&P 500 Index, which returned 9.4% in the same period [3] - Year-to-date, Nasdaq shares have climbed 24%, significantly outpacing the S&P 500's 12% gain, and over the past 52 weeks, the stock has surged 33%, compared to the S&P 500's 18.6% increase [4] - Nasdaq has consistently traded above its 50-day and 200-day moving averages since early May, indicating strong bullish momentum [4] Financial Performance - Following the release of strong Q2 results on July 24, Nasdaq's stock jumped 5.9%, with revenues net of transaction expenses reported at $1.3 billion, up 12.7% year-over-year, exceeding consensus estimates [5] - Non-GAAP net earnings increased by 23.9% to $492 million, and adjusted EPS of $0.85 surpassed Wall Street expectations by 6.3% [5] Competitive Position - Nasdaq has outperformed its rival, Cboe Global Markets, Inc., which gained 11.6% over the past 52 weeks and 21% in 2025 [6] - The stock has a consensus rating of "Moderate Buy" from 21 analysts, with a mean price target of $103.67, implying an 8.1% upside from current market prices [6]