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Fly News Breaks for February 22, 2018
GDOT
Feb 22, 2018 | 07:30 EDT
Craig-Hallum analyst Bradley Berning raised his price target for Green Dot to $75 from $70 as the company continued to execute on its 6 pillar strategy, providing a somewhat non-eventful quarter with the continued slight positive beat and guide up. The analyst expects the beat and raise momentum to continue in 2018 as the company continues improving the economics per card with growing users and increased deposit and spending activity driven by increased functionality. He reiterates a Buy rating on the shares.
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