5 Ways to Prepare for Lower Interest Rates
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 24 2024
0mins
Source: Barron's
Interest Rate Cuts Expected: Federal Reserve Chair Jerome Powell indicated that interest rates are likely to decrease soon, with the first cut anticipated during the September meeting, marking a significant shift in monetary policy after four years.
Financial Strategies for Consumers: As mortgage rates decline and fixed-income yields remain attractive, consumers are advised to review their financial situations, consider refinancing options, and explore investment strategies like building a CD ladder or consolidating debt.
Analyst Views on NRDS
Wall Street analysts forecast NRDS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NRDS is 17.00 USD with a low forecast of 14.00 USD and a high forecast of 19.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
5 Buy
1 Hold
0 Sell
Strong Buy
Current: 13.150
Low
14.00
Averages
17.00
High
19.00
Current: 13.150
Low
14.00
Averages
17.00
High
19.00
About NRDS
NerdWallet, Inc. is a personal finance company. The Company provide consumer-driven advice about personal finance through its platform by connecting individuals and small and mid-sized businesses (SMBs) with providers of financial products. The Company offers NerdWallet, a consumer-first platform that empowers consumers and SMBs. The Company's platform delivers a range of financial products, including credit cards, mortgages, insurance, SMB products, personal loans, banking, investing and student loans. Its platform uses guidance and machine learning capabilities to help consumers with personalized insights. The Company enables its consumers to access its content and comparison-shopping marketplaces, plus a data-driven app, which helps them stay on top of their finances and save time and money. The Company's NerdWallet platform is available to consumers in the United States, United Kingdom, Canada, and Australia. The Company also offers mortgage brokerage services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
