KeyBanc Reiterates Overweight Rating on NerdWallet Inc (NRDS)

KeyBanc analyst Justin Patterson reiterated an Overweight rating and $22.00 price target on NerdWallet Inc (NASDAQ: NRDS).

The analyst commented, "Macro conditions remain mixed, creating some uncertainty on the shape of NerdWallet's recovery to DD growth in 2H24. Nevertheless, we believe the Company has ample expense levers to drive upside to non-GAAP operating margin and EBITDA targets of 6.5-8% and 18-19.5%, respectively, for the year. We continue to view NerdWallet as a market share gainer with inflecting margins, and view the 2-turn EBITDA discount vs. peer LendingTree as unwarranted. We reiterate our Overweight rating and $22 price target (10.5x
2025E EV/EBITDA)."

For an analyst ratings summary and ratings history on NerdWallet Inc click here. For more ratings news on NerdWallet Inc click here.

Shares of NerdWallet Inc closed at $13.35 yesterday.

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