Core Insights - Nasdaq has launched the Nasdaq Private Capital Indexes to benchmark the performance of private market funds, aiming to enhance transparency in private markets [1][3] - The indexes track over 14,000 institutional private market funds, totaling approximately $11.4 trillion globally, sourced from Nasdaq's eVestment LP dataset [2] - The indexes utilize a rules-based methodology, including quarterly performance measurements and NAV-weighted aggregation, accessible through various Nasdaq platforms [2] Group 1: Nasdaq Private Capital Indexes - The Nasdaq Private Capital Indexes provide a comprehensive view of private markets, addressing fragmentation and data silos in the ecosystem [3] - The importance of private market allocations is increasing in both institutional and private wealth portfolios, leading to a rise in performance tracking efforts [3] Group 2: Competitive Landscape - Other firms, such as YCharts and Hamilton Lane, are also entering the private market benchmarking space, with Hamilton Lane using proprietary fund-level data [4] - Morningstar has launched its own indexes for non-traded semiliquid funds, while FTSE Russell and BlackRock are also developing benchmarks for private market investments [5]

Core Insights - Nasdaq, Inc. has launched the Nasdaq Private Capital Indexes to enhance its private capital solutions platform, amidst mixed performance in broader markets [1][7] Group 1: Nasdaq Private Capital Indexes - The Nasdaq Private Capital Indexes aim to provide transparency and robust data for institutional investors in private markets, constructed from over 14,000 institutional private market funds, representing more than $11.4 trillion in global assets under management [2] - These indexes utilize a documented, rules-based methodology to ensure consistent performance measurement and improve risk and return reporting capabilities, reflecting Nasdaq's commitment to enhancing operational infrastructure in private markets [3] - The launch addresses the fragmentation in private markets, which are growing rapidly in importance and complexity, with data often trapped in silos and inconsistent benchmarks [4] Group 2: Market Performance and Stock Analysis - Nasdaq's stock is currently trading 12.2% below its 20-day simple moving average (SMA) and 8.2% below its 100-day SMA, indicating a bearish trend, while shares have increased by 3.53% over the past 12 months [6] - The stock's Relative Strength Index (RSI) is at 29.21, suggesting it is oversold, and the Moving Average Convergence Divergence (MACD) is below its signal line, indicating bearish pressure [6] - Nasdaq's shares were down 2.71% at $83.96 at the time of publication, reflecting a weak momentum score compared to the broader market [13] Group 3: Earnings and Analyst Outlook - The next major catalyst for Nasdaq's stock is the earnings report scheduled for April 23, 2026 [8] - The stock carries a Buy Rating with an average price target of $104.00, with recent analyst actions indicating key resistance at $92.50 and key support at $80.00 [9] - Earnings per share (EPS) is estimated at 92 cents, up from 79 cents year-over-year, with revenue estimated at $1.37 billion, up from $1.24 billion year-over-year [10] Group 4: Valuation Insights - Nasdaq's stock trades at a premium P/E of 27.9x, indicating a premium valuation, but rising estimates suggest analysts see growth prospects justifying a 24% upside to analyst targets [11] - The Benzinga Edge scorecard indicates a mixed outlook for Nasdaq, with a stable balance sheet but low Value and Momentum scores, suggesting potential challenges in the current market environment [12]