| 2018-08-09 08:41:40|
GDOT 08:41 08/09 08/09/18
Green Dot price target raised to $100 from $75 at SunTrust
SunTrust analyst Andrew Jeffrey raised his price target on Green Dot to $100 and kept his Buy rating after its Q2 earnings beat and raised FY18 revenue guidance, saying the company is "altering the US consumer banking tech landscape". The analyst adds that Green Dot is monetizing the ecosystem with "disruptive" banking solutions such as the payroll system for Uber, further noting that he is turning even more bullish on its growing total addressable market and widening customer appeal.