XETRA:NRX 28 October 2025

March 21, 2026, 8:36 PM EDT. Nasdaq (NDAQ) gains attention after the U.S. SEC approved trading and settlement of certain Nasdaq-listed securities in tokenized blockchain form, in partnership with Payward. The stock shows mixed recent performance: up 6.06% over one month but down 10.68% year-to-date. Long-term returns remain robust, with 15.67% over one year and 83.91% over five years. Analysts place Nasdaq's fair value at $108.53, implying the current $86.34 share price could be undervalued by about 20%. This estimate factors in growth projections, AI-related demand, and fintech platform strength. Yet, valuation risks remain from potential competition and client decision slowdowns. Nasdaq's price-to-earnings ratio at 27.4x exceeds a fair ratio of 16.2x, signaling possible investor caution if market sentiment shifts.