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Fly News Breaks for February 21, 2019
GDOT
Feb 21, 2019 | 06:20 EDT
Loop Capital analyst Joseph Vafi kept his Buy rating and $100 price target on Green Dot after its Q4 results, saying the company showed another "impressive margin expansion" in the quarter and its business momentum remains strong. The analyst contends that Green Dot is a true "fin tech" company that is growing its BAAS segment and sees that business driving "material" total addressable market expansion. Vafi also believes that Green Dot's FY19 guidance could prove conservative given the strong macro backdrop, rising e-commerce, and growing direct deposit activity.
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