Green Dot Reports First Quarter 2023 Results

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Go back to Green Dot Reports First Quarter 2023 Results

Needham & Company sees headwinds in Green Dot's (GDOT) future, downgrades to neutral

May 8, 2023 8:54 AM EDT

(Updated - May 8, 2023 8:55 AM EDT)

Needham & Company downgraded Green Dot (NYSE: GDOT) to a Neutral rating (From Buy) and removed their $20.00 price target on the stock following the companys 1Q earnings report. GDOT reported 1Q adjusted revenue of $412.4 million, above the $388.4 million consensus. The companys reported EPS of $0.99 was also above the $0.80 consensus due to better operating trends.

Analyst Mayank Tandon wrote in a note, GDOT's 1Q... More