NerdWallet (NRDS) stock is surging 20.57% in pre-market trading on Wednesday, following the release of impressive first-quarter 2025 results and a series of positive analyst reactions. The personal finance company's strong performance has sparked renewed investor confidence, driving the stock to significant gains before the market opens.
NerdWallet reported a robust 29% year-over-year increase in Q1 sales, with its insurance revenue segment showing an exceptional 246% growth. This outstanding performance in the insurance vertical has been a key driver of the company's overall revenue expansion, demonstrating NerdWallet's successful diversification strategy and its ability to capitalize on growing market opportunities.
Following the earnings release, several analysts have expressed optimism about NerdWallet's prospects. Truist Securities raised its price target for NRDS from $18 to $19, while KeyBanc increased its target from $14 to $15, maintaining an Overweight rating. Barclays reiterated its Buy rating with a $17 price target, and William Blair analyst Ralph Schackart maintained a bullish stance on the stock. These positive analyst reactions, coupled with the strong Q1 results, are fueling investor enthusiasm and contributing to the stock's pre-market surge.