Compass Point Downgrades Green Dot (GDOT) to Neutral; Transition Period Warrants Caution
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Price: $13.44 +0.75%
Rating Summary:
5 Buy, 24 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
5 Buy, 24 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Compass Point downgraded Green Dot (NYSE: GDOT) from Buy to Neutral, price target cut from $43 to $30.
Analyst, Douglas Greiner, said, "Green Dot is positioned to continue winning share of the untapped unbanked market of 17M households. Although, penetration is already more than 10M households. To further drive growth, the company targets the larger underbanked market of 143M households. This market is highly competitive and Green Dot is working to develop a differentiated offering (in part through Loopt), but future success is uncertain and the transitional period warrants caution."
For an analyst ratings summary and ratings history on Green Dot click here. For more ratings news on Green Dot click here.
Shares of Green Dot closed at $26.42 yesterday.
Analyst, Douglas Greiner, said, "Green Dot is positioned to continue winning share of the untapped unbanked market of 17M households. Although, penetration is already more than 10M households. To further drive growth, the company targets the larger underbanked market of 143M households. This market is highly competitive and Green Dot is working to develop a differentiated offering (in part through Loopt), but future success is uncertain and the transitional period warrants caution."
For an analyst ratings summary and ratings history on Green Dot click here. For more ratings news on Green Dot click here.
Shares of Green Dot closed at $26.42 yesterday.
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