NerdWallet price target lowered to $13 from $15 at KeyBanc

KeyBanc analyst Justin Patterson lowered the firm’s price target on NerdWallet (NRDS) to $13 from $15 and keeps an Overweight rating on the shares. The firm says NerdWallet’s Q1 results and guidance were choppier than it envisioned, reflecting a challenge with one large insurance customer. As tailwinds to loans manifest in Q3 and product investments bear fruit, KeyBanc sees potential for stabilization into the second half of the year and 2027.