NASDAQ · STOCK
Nasdaq, Inc.
$94.19
52W $76.55 – $101.79
56/100
$52.65B
27.1
1.00
Is NDAQ Bullish or Bearish?
Mixed.
Innellis AI committee rates Nasdaq, Inc. (NDAQ) Watch with a composite score of 56/100
, based on 7 analysts with 43% agreement.
Last updated August 01, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +3.69 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 — -16.31 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. Growth Analyst sees a compelling case — eps growing 31.8% yoy. Risk Analyst remains cautious — bollinger bandwidth of 15.5% 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
- Price structure making higher highs and higher lows — Technical
- MACD histogram positive -- bullish momentum — Technical
Bear Case
- P/E of 26.8 is moderate-to-rich — Value
- Price-to-book of 4.5x prices in significant intangible value — Value
- Price structure (LH_LL) contradicts the uptrend -- mixed signals — Technical
- Daily trend (uptrend) conflicts with the weekly trend (downtrend) -- fighting the larger trend — Technical
- Bollinger bandwidth of 15.5% 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 August 01, 2026
Overall Committee Score
56/100
Agreement
43%
Analysts
7
Conviction
Contested
Sector Rank
Top 70%
of 141 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 26.8 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
55
/ 100 · High confidence
Mixed or range-bound price action
+ Price structure making higher highs and higher lows
− Price structure (LH_LL) contradicts the uptrend -- mixed signals
Risk Analyst
bearish
35
/ 100 · Low confidence
Elevated risk from leverage, volatility, event exposure, or portfolio concentration -- size accordingly
− Bollinger bandwidth of 15.5% signals elevated volatility
Macro Analyst
bullish
70
/ 100 · Moderate confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
+ Market regime is bullish (Bull market -- normal position sizing)
News Analyst
bullish
68
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.33 across 53 articles, 14d)
Portfolio Manager
neutral
45
/ 100 · High confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− Sector concentration is already high (HHI 2535.03)
Investment Thesis Evolution
Committee score moved marginally from 54.7 to 56.3.
- Committee agreement fell notably from 57% to 43%.
- New bearish signals: 6 appeared.
- Bullish support removed: 1 signal(s) disappeared.
- New bullish signals: 2 appeared.
- Bearish pressure eased: 4 signal(s) disappeared.
- Analyst(s) changed stance: Macro Analyst.
Analyst-level changes:
- Macro Analyst: stance neutral->bullish; score 58->70 (+12).
- News Analyst: +1 bullish signal(s).
- Portfolio Manager: +2 bearish signal(s).
- Risk Analyst: +1 bearish signal(s).
- Technical Analyst: score 58->55 (-3); +2 bearish signal(s); +1 bullish signal(s).
- Value Analyst: +1 bearish signal(s).
Comparing 2026-07-31 to 2026-08-01 (1 day apart).
Technical Analysis
RSI (14)
61.4
Neutral
MACD Histogram
0.463
Bullish Momentum
Trend Direction
Uptrend
Weekly: Downtrend
Market Structure
Lh Ll
Support
$84.78
Resistance
$101.78
Bollinger %B
0.74
Inside Bands
Price vs Moving Averages
EMA 9
$93.48
Above
EMA 21
$91.04
Above
EMA 50
$89.06
Above
EMA 200
$89.00
Above
Fundamental Analysis
Valuation
69
Growth
85
Profitability
1
Financial Health
43
Cash Flow
37
Valuation
P/E Ratio
27.1×
P/B Ratio
4.43×
PEG Ratio
0.85
Dividend Yield
0.01%
52W High
$101.79
52W Low
$76.55
Quality & Growth
ROE
14.6%
ROA
5.8%
Gross Margin
59.4%
Operating Margin
31.6%
Revenue Growth YoY
—
Debt / Equity
0.77
AI Fundamental Assessment
P/E ratio of 27.1 (moderate relative to a 15-40x range); Price-to-book of 4.4x; PEG ratio of 0.8 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 0.1%; Return on assets of 0.1%; Net margin of 0.2%; Gross margin of 0.6%; Current ratio of 0.48 (tight short-term liquidity); Debt-to-equity of 0.77; Free cash flow margin of 0.9% (thin cash generation); 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
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