Is Nasdaq Stock Underperforming the Nasdaq?

Core Insights - Nasdaq, Inc. is a leading financial services and technology company with a market cap of $51.7 billion, operating stock exchanges and providing market data and financial technology tools globally [1][2] Company Performance - Nasdaq's stock has dropped 8.2% from its 52-week high of $97.63 on August 11, and has declined 5.6% over the past three months, underperforming the Nasdaq Composite which returned 8% in the same period [3] - Year-to-date, Nasdaq shares have climbed 15.9%, but still lag behind the Nasdaq Composite's 21.9% gain; over the past 52 weeks, the stock surged 12.4%, below the Nasdaq Composite's 18.6% increase [4] - In Q3 2025, Nasdaq reported net revenues of $1.3 billion, a 15% year-over-year increase, with non-GAAP EPS reaching $0.88, up 19% from the prior-year quarter, exceeding consensus estimates [5] Competitive Position - Nasdaq has underperformed compared to its rival Cboe Global Markets, which saw a 27.1% gain over the past 52 weeks and a 31.2% rise in 2025 [6] - The stock has a consensus rating of "Moderate Buy" from 19 analysts, with a mean price target of $106, indicating an upside potential of 18% [6]