NerdWallet

NRDS · NASDAQ

$10.53+$0.46 (+4.57%)TodayMarket closed · Oct 20, 7:57 PM ET

Prev close $10.07

NRDS analyst rating

BuyConsensus of 6 analysts over the last 12 months. 67% rate it a buy.

Strong buy0
Buy4
Hold1
Underperform1
Sell0

12-month price target · 7 analysts

Average $12.04 (+14.3% upside)

Low: $8.08
Now: $10.53
High: $15.75

Upgrades and downgrades

The latest rating actions, newest first

NRDS analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Oppenheimer	May 11, 2026	Maintains	Outperform	$15.00 → $12.00	58%
Truist Securities	May 11, 2026	Maintains	Buy	$18.00 → $15.00	63%
Citigroup	May 11, 2026	Maintains	Neutral	$13.00 → $11.00	46%
Keybanc	May 8, 2026	Maintains	Overweight	$15.00 → $13.00	50%
Morgan Stanley	Mar 13, 2026	Downgrade	Equal-Weight → Underweight	$14.00 → $9.00	57%
Oppenheimer	Mar 4, 2026	Maintains	Outperform	$18.00 → $15.00	58%
Truist Securities	Feb 26, 2026	Maintains	Buy	$19.00 → $18.00	63%
Oppenheimer	Nov 11, 2025	Maintains	Outperform	$16.00 → $18.00	58%
Morgan Stanley	Nov 10, 2025	Maintains	Equal-Weight	$12.00 → $14.00	57%
Truist Securities	Nov 10, 2025	Maintains	Buy	$17.00 → $19.00	63%

The case for and against

Updated Oct 14, 2026

Bull case

Nerdwallet is supported by a durable monetization model that pairs proprietary editorial content and a trusted brand with high-intent consumer traffic, helping marketers reach customers with better approval rates in the large digital financial services advertising market. Despite a light 1Q26 revenue print of $222.2M, profitability was notably strong, with GAAP operating income of $27.2M, Adjusted EBITDA of $45.2M, and a 20% margin, while adjusted free cash flow reached $130.9M on a trailing basis. The outlook remains constructive because cash generation funded a $17M College Finance acquisition, $66.0M of share repurchases, and ongoing investment in insurance, loans, and LLM-driven traffic diversification, all while maintaining a $125M undrawn revolver and no debt.

Bear case

Nerdwallet is facing a deteriorating near-term setup as FY26 guidance was lowered at the low end for GAAP OI, NGOI, and Adj. EBITDA, while 2Q26 revenue and EBITDA were guided below consensus and 2Q is seasonally the weakest quarter. The core issue is dependence on a large auto insurance partner, whose monetization decline is expected to hit 2Q harder than 1Q, compress margins even as management steps up vertical integration spending on agency build-out and carrier integrations. More broadly, the stock is pressured by customer concentration, organic search dependence, macro sensitivity in financial services advertising, and rising competition from LLMs, all of which make the path to durable growth and margin expansion less certain.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.