Analyst Peter Christiansen of Citi maintained a Hold rating on NerdWallet, Inc. Class A (NRDS – Research Report), with a price target of $11.00.
Peter Christiansen has given his Hold rating due to a combination of factors influencing NerdWallet, Inc.’s financial outlook. The decision reflects a tempered growth expectation over the next two to three years, with a revised target price set at $11, down from the previous $14. This adjustment is based on a slightly lower growth estimate for fiscal year 2025 compared to consensus predictions, alongside an anticipated adjusted operating income at the lower end of the company’s guidance range.
Despite some improvement in monthly unique users in the first quarter compared to the fourth quarter of 2024, the figures remain below year-over-year comparisons. Revenue growth has been largely supported by the auto insurance sector, but Christiansen believes that for the stock to recover its previous valuation, stabilization in the credit card segment and a recovery in loans are necessary. Consequently, the Neutral/High Risk rating is maintained, reflecting these underlying challenges and uncertainties.
NRDS’s price has also changed moderately for the past six months – from $11.580 to $9.100, which is a -21.42% drop .