NerdWallet price target raised to $16 from $15 at KeyBanc

KeyBanc analyst Justin Patterson raised the firm’s price target on NerdWallet (NRDS) to $16 from $15 and keeps an Overweight rating on the shares. The firm notes NerdWallet’s Q3 results were better than expected and Q4 growth calls for an acceleration to +15% year-over-year growth. Further, management’s commentary on LLMs providing a small, but high intent, traffic base was an encouraging disclosure that NerdWallet’s content remains relevant, KeyBanc adds.