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GDOT

Green Dot

$80.71

0.01 (0.01%)

08:41
08/09/18
08/09
08:41
08/09/18
08:41

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.

  • 25

    Sep

GDOT Green Dot
$80.71

0.01 (0.01%)

06/28/18
RHCO
06/28/18
NO CHANGE
Target $66
RHCO
Hold
Square price target raised to $66 from $45 at SunTrust
SunTrust analyst Andrew Jeffrey raised his price target on Square (SQ) to $66 from $45, saying the company is "bending the Payments ecosystem rules and behaviors" by deeply embedding itself in the daily operations of small and medium businesses. Jeffrey adds however that while Square Cash can produce monetization well above consensus expectations, he remains cautious that the stock can sustain its "through-the-cycle valuation", as its FY19 expected EBITDA multiple is at 58-times his forecast, which is well above the competitor GreenDot's (GDOT) 14-times. Jeffrey is keeping his Hold rating on Square, urging investors to consider GreenDot's value proposition instead.
07/10/18
JEFF
07/10/18
INITIATION
Target $89
JEFF
Buy
Green Dot assumed with a Buy at Jefferies
Jefferies analyst John Hecht assumed coverage of Green Dot with a Buy rating and raised his price target for the shares to $89 from $83. The company is "uniquely poised to benefit from scarcity value in the prepaid/underbanked space," Hecht tells investors in a research note. After several quarters of investment, a "strong top-line margin and earnings power are starting to take hold," the analyst adds.
07/17/18
CHLM
07/17/18
NO CHANGE
Target $95
CHLM
Buy
Green Dot price target raised to $95 from $80 at Craig-Hallum
Craig-Hallum analyst Brad Berning raised his price target for Green Dot to $95 from $80, while reiterating a Buy rating on the shares. The analyst believes Green Dot's story is still not well understood/followed and argues it could be a $140 stock in 2 years. Berning believes this story will continue to gain attention as more investors understand and appreciate Green Dot's "Trojan Horse," which is its new distribution model.
08/09/18
LOOP
08/09/18
NO CHANGE
Target $100
LOOP
Buy
Green Dot price target raised to $100 from $76 at Loop Capital
Loop Capital analyst Joseph Vafi raised his price target on Green Dot to $100 after its Q2 earnings beat and raised FY18 revenue guidance, saying the company's business momentum remains positive with margin recovery and operating leverage gains. The analyst points to "strong trends" in direct deposit adoption helping to reduce churn while increasing usage among the newer customers, as well as noting the company's balanced growth coming from the gains of in-store card programs. Vafi keeps his Buy rating on Green Dot, citing its expanding total addressable market potential and tailwinds coming from the strong macro backdrop.

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