This Finance Stock Is Up 119% Year to Date. Is It a Buy?
After a challenging year last year, stocks are snapping back in 2023, with the S&P 500 up 4.2%, while the tech-heavy Nasdaq Composite is up 10.8% year to date.
One stock that is absolutely crushing the market right now is NerdWallet (NASDAQ: NRDS). Year to date, NerdWallet's stock price surged higher, gaining 119% since the start of the year. Investors are optimistic about the personal finance company, which posted stellar growth last year and has now put up back-to-back profitable quarters. Consumers' interest in credit cards perked up, and its other product lines saw steady demand too.
NerdWallet is an intriguing company, and its rapid price appreciation has earned it a spot on my watch list. Here's what you need to know about NerdWallet, how it makes money, and what I want to see going forward.
Source Fool.com
