Goldman Sachs Upgrades Green Dot (GDOT) to Buy
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Price: $13.53 +0.15%
Rating Summary:
5 Buy, 24 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
5 Buy, 24 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Goldman Sachs upgraded Green Dot (NYSE: GDOT) from Neutral to Buy with a price target of $35.
The firm said the company's solid growth profile is significantly underappreciated and regulatory/competitive concerns are largely priced in.
Goldman said GDOT is best positioned to capitalize from the secular growth in prepaid, its model is relatively less exposed to regulatory concerns, and competitive concerns are largely reflected in the current share.
For more ratings news on Green Dot click here and for the rating history of Green Dot click here.
Shares of Green Dot closed at $29.95 yesterday.
The firm said the company's solid growth profile is significantly underappreciated and regulatory/competitive concerns are largely priced in.
Goldman said GDOT is best positioned to capitalize from the secular growth in prepaid, its model is relatively less exposed to regulatory concerns, and competitive concerns are largely reflected in the current share.
For more ratings news on Green Dot click here and for the rating history of Green Dot click here.
Shares of Green Dot closed at $29.95 yesterday.
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