CPI Card Group (PMTS) PT Lowered to $32 at DA Davidson
Get Alerts PMTS Hot Sheet
Rating Summary:
6 Buy, 4 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 22 | New: 8
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DA Davidson analyst Peter Heckmann lowered the price target on CPI Card Group (NASDAQ: PMTS) to $32.00 (from $38.00) while maintaining a Buy rating.
The analyst comments "CPI reported 2Q results that were ahead of our forecasts when adjusting for an intraquarter accounting change. With 2Q results, management raised their 2025 revenue growth guidance and maintained their outlook for mid-to-high single-digit growth in adjusted EBITDA. However, the 2025 outlook did not reflect potential impacts from the proposed semiconductor tariffs announced last week. Following the update, we have trimmed our prior financial forecasts (which already included the Arroweye deal). We are maintaining our BUY rating on CPI but trimming our price target to $32 (from $38)."
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