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Fly News Breaks for December 2, 2019
Dec 2, 2019 | 08:19 EDT
Craig-Hallum analyst Jason Kreyer initiated coverage of Cardlytics with a Buy rating and $75 price target. In a research note to investors, Kreyer says Carlytics provides a clear value to each of its primary stakeholders -- issuing banks, advertisers and consumers, and its data integrations provides insights advertisers can't get elsewhere. With long-term agreements in place with some of the largest banks in the nation, Kreyer says Cardlytics has built up a substantial and sustainable competitive advantage against potential entrants.
News For CDLX From the Last 2 Days
Apr 15, 2021 | 06:45 EDT
Wells Fargo analyst Timothy Willi upgraded Cardlytics to Overweight from Equal Weight with a $150 price target. Willi believes the recent underperformance has created a favorable entry point for shares, and sees several fundamental catalysts over the near to medium term, the analyst tells investors in a research note. The analyst views the risk/reward as favorable at current levels and the liquidity position as stable.