2024-04-07 02:14:49 ET
Summary
- NerdWallet's goal is to register a 15% operating profit margin by 2026 and a yearly +15-20% top-line expansion for the long term.
- NRDS' current mid-teens P/E multiple is attractive, as I expect the company to achieve a long-term bottom line growth rate that exceeds a mid-teens percentage.
- The company's recently released long term financial targets aren't fully reflected in the stock's valuations, which translates into a Buy rating for NerdWallet.
Elevator Pitch
I have a Buy rating awarded to NerdWallet, Inc. ( NRDS ) shares.
In my previous August 24, 2023 write-up , I touched on NRDS' potential M&As (Mergers & Acquisitions) and margin expansion levers. My attention turns to NerdWallet's long-term financial goals and the company's capital allocation approach in the latest update....
Read the full article on Seeking Alpha
For further details see:
NerdWallet: Mismatch Between Valuations And Growth Prospects