Wedbush Reiterates Outperform on Green Dot

Wedbush is out with its report today on Green Dot GDOT, reiterating Outperform. In its report, Wedbush writes, "We believe Green Dot will continue its impressive growth as it leads the rapidly evolving reloadable prepaid category. Green Dot's results are on track for 30%+ growth, regulatory risks are under control, and no meaningful new competitor is impacting its markets." Wedbush maintains a $68 PT on GDOT. Shares of GDOT closed Friday at $30.66, down 4.28% from Thursday's close.