William Blair analyst Ralph Schackart has maintained their bullish stance on NRDS stock, giving a Buy rating on May 5.
Ralph Schackart has given his Buy rating due to a combination of factors that highlight NerdWallet’s strong performance and growth potential. The company has shown resilience against tariff impacts, with minimal expected effects, and has demonstrated significant growth in its CRM channel, boasting over 26 million registered users and double year-over-year growth. Additionally, NerdWallet has seen positive developments in previously struggling areas, such as personal loans and mortgages, the latter benefiting from the Next Door Lending acquisition.
Furthermore, NerdWallet is making strategic investments in its growth pillars, particularly in the travel rewards category, which has gained traction with the successful launch of a travel newsletter and podcast. The company’s revenue for the quarter was $209 million, a 29% increase from the previous year, surpassing market expectations. This growth was driven by strong performance in insurance and emerging verticals, alongside improved operating income and EBITDA figures. These factors, combined with potential stability in search results, underpin Schackart’s optimistic outlook for the company’s future performance.
In another report released on May 5, KeyBanc also maintained a Buy rating on the stock with a $14.00 price target.