Wells Fargo Initiates Nasdaq Coverage With 'Equal Weight' Rating and $100 Price Target

Wells Fargo initiated coverage of Nasdaq Inc. (NDAQ) on October 1, 2026, with an "Equal Weight" rating. The firm set a price target of $100 per share. An "Equal Weight" rating suggests the stock will perform in line with its sector average.

Analysts weigh Nasdaq's business model. It increasingly relies on its data, index, and financial technology segments. The initiation offers investors perspective on the company's valuation and growth prospects.