2024-06-27 23:41:55 ET
Summary
- NerdWallet Inc.'s stock has surged by over 40% year-over-year but remains below its IPO price.
- The company's vertically integrated model will likely sustain its secular growth trajectory.
- Strong support from NerdWallet's Fundera and Barrelhead acquisitions has bolstered the firm's growth multiplier.
- Aggressive investing in Research & Development and marketing could result in market share expansion.
- We believe the stock is grossly undervalued, Wall Street analysts concur.
We've covered numerous income-generating and value-based stocks lately. As such, we decided to change to mix things up by assessing a growth stock called NerdWallet, Inc. (NASDAQ: NRDS ) .
NerdWallet's stock has surged by more than 40% year-over-year, suggesting it has gained popularity among investors. However, as shown in the article, the stock remains below its IPO price. Thus, the question becomes: Will NerdWallet breach its IPO price of $18 per share , stay at its current level of around $14 per share, or retrace back to its all-time lows?...
Read the full article on Seeking Alpha
For further details see:
NerdWallet: Don't Miss Out On This Secular Growth Opportunity