NerdWallet price target raised to $18 from $16 at Barclays

Barclays raised the firm’s price target on NerdWallet to $18 from $16 and keeps an Overweight rating on the shares. The company grew in 2023 through the most challenging backdrop for financial services digital advertising since the great recession, the analyst tells investors in a research note. The firm says that while NerdWallet’s Q4 “came up short,” there appears to be a return to growth in sight by mid year. It says the stock’s risk/reward remains compelling.