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Fly News Breaks for January 14, 2020
CDLX
Jan 14, 2020 | 09:24 EDT
Craig-Hallum analyst Jason Kreyer raised his price target for Cardlytics to $100 from $75 after the company pre-released "strong" Q4 results as it continues to gain traction with advertisers who are increasing budget commitments to the company. Going forward, the analyst believes growth in 2020 will be driven by stronger advertiser adoption from vertically-focused sales teams, and enhancements to consumer offers to increase adoption rates. Kreyer has a Buy rating on the shares.
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