NerdWallet price target raised to $20 from $18 at KeyBanc

KeyBanc raised the firm’s price target on NerdWallet to $20 from $18 and keeps an Overweight rating on the shares. The firm believes NerdWallet is poised for another quarter of EBITDA outperformance. While KeyBanc is cautious on Q1 guidance, it believes the company remains positioned for accelerating growth and margin expansion as more end markets normalize against a lean opex base.