Green Dot (GDOT) Gets a Buy from Northland Securities
In a report released on November 24, Michael Grondahl from Northland Securities maintained a Buy rating on Green Dot, with a price target of $18.00. The company’s shares closed yesterday at $11.81.
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Grondahl covers the Financial sector, focusing on stocks such as Green Dot, Encore Capital, and WisdomTree. According to TipRanks, Grondahl has an average return of 4.5% and a 38.40% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Green Dot with a $16.13 average price target, a 36.58% upside from current levels. In a report released yesterday, Craig-Hallum also maintained a Buy rating on the stock with a $18.00 price target.
Based on Green Dot’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $494.83 million and a GAAP net loss of $30.79 million. In comparison, last year the company earned a revenue of $409.74 million and had a GAAP net loss of $7.84 million
Read More on GDOT:
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