Truist Financial analyst Youssef Squali maintains $NerdWallet (NRDS.US)$ with a buy rating, and sets the target price at $18.
According to TipRanks data, the analyst has a success rate of 52.8% and a total average return of 11.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $NerdWallet (NRDS.US)$'s main analysts recently are as follows:
The company showcased robust growth in insurance advertising, which contributed to a notable upside in the third quarter extending into the fourth. The diversity in the company's advertising revenue streams is becoming increasingly evident.
NerdWallet delivered a robust quarter, with revenue seeing a 25% year-over-year increase and Q3 non-GAAP operating margin percentage hitting a record high of 12%. There's a continued optimism for growth to stabilize in the mid-teens range and for margins to keep improving with the betterment of macroeconomic conditions.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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