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Fly News Breaks for January 15, 2019
CDLX
Jan 15, 2019 | 07:31 EDT
As previously reported, BofA/Merrill upgraded Cardlytics to Buy from Neutral and raised its price target to $22 from $18 following the positive Q4 preannouncment. Analyst Nat Schindler believes Cardlytics is beginning to reach scale with the user base and expects advertisers will continue to target its deep ad inventory. Schindler expects 2019 revenues to accelerate and sees long-term EBITDA margins of 25% as possible.
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