Keybanc analyst Justin Patterson has raised his price target on Nerdwallet (NRDS, Financial) from $14.00 to $15.00, a 7.14% increase. The adjustment highlights the analyst's continued positive outlook on the financial technology company.
The analyst maintains an "Overweight" rating for Nerdwallet, indicating confidence in the stock's potential to outperform the average return of its peers. This consistent rating suggests a favorable view of Nerdwallet's business prospects and market position.
This price target revision and maintained rating reflect Keybanc's updated analysis and expectations for Nerdwallet's financial performance and growth trajectory. Investors and market watchers will be keen to see how these projections align with Nerdwallet's upcoming financial results.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for Nerdwallet Inc (NRDS, Financial) is $15.00 with a high estimate of $19.00 and a low estimate of $11.00. The average target implies an upside of 41.71% from the current price of $10.59. More detailed estimate data can be found on the Nerdwallet Inc (NRDS) Forecast page.
Based on the consensus recommendation from 7 brokerage firms, Nerdwallet Inc's (NRDS, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Nerdwallet Inc (NRDS, Financial) in one year is $15.52, suggesting a upside of 46.62% from the current price of $10.585. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Nerdwallet Inc (NRDS) Summary page.
