NerdWallet price target raised to $15 from $13 at Morgan Stanley

Morgan Stanley raised the firm’s price target on NerdWallet to $15 from $13 and keeps an Equal Weight rating on the shares. NerdWallet management provided a long-term revenue growth outlook of 15%-20% year-over-year and while the firm views the revenue growth outlook as “normalized / macro-favorable,” it continues to expect ongoing margin execution against the company’s target to see adjusted EBITDA margins reach 24% in 2026, the analyst tells investors. While the business remains highly cyclical, the firm doubts that the recent CFPB announcement will impact NerdWallet’s business, the analyst added.