Keybanc Maintains Overweight on Nerdwallet, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Justin Patterson has maintained an Overweight rating on Nerdwallet (NASDAQ:NRDS) but lowered the price target from $20 to $18.
October 24, 2023 | 9:24 am
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Nerdwallet's price target has been lowered from $20 to $18 by Keybanc, although the Overweight rating is maintained.
The lowering of the price target by Keybanc could lead to a negative sentiment among investors, potentially causing a short-term decrease in Nerdwallet's stock price. However, the maintained Overweight rating indicates that the stock is still expected to outperform.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100