NerdWallet price target raised to $14 from $12 at Morgan Stanley

Morgan Stanley raised the firm’s price target on NerdWallet (NRDS) to $14 from $12 and keeps an Equal Weight rating on the shares. The firm is “encouraged” by NerdWallet’s ability to drive EBITDA in a range of top-line scenarios and calls commentary on LLM sourcing frequency “positive,” but continues to cite limited revenue visibility for its Equal Weight rating.