William Blair analyst Ralph Schackart has maintained their bullish stance on NRDS stock, giving a Buy rating on October 28.
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Ralph Schackart has given his Buy rating due to a combination of factors that highlight NerdWallet’s strong growth potential and strategic initiatives. The company has demonstrated robust performance in its loans, insurance, and emerging verticals, with a notable year-over-year revenue increase of 12%. Specifically, banking and personal loans have shown impressive growth, with increases of 96% and 91% respectively, while insurance has also exceeded expectations.
Moreover, NerdWallet is benefiting from the momentum of large language models, which are driving higher conversion rates compared to traditional organic traffic. Despite some challenges in the credit card segment due to AI search impacts on SEO, the company’s strategic focus on growth pillars such as land and expand, vertical integration, and data-driven engagement is promising. Additionally, the company’s share repurchase activity and strong quarterly financial results, including a revenue beat and solid non-GAAP operating income, further support the positive outlook.
In another report released on October 28, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $14.00 price target.