Sterne Agee Reiterates Buy, $37 On Green Dot
In a note out today, Sterne Agee reiterated a buy rating and $37 price target on Green Dot (NYSE: GDOT), implying significant upside from where the shares currently trade.
“Green Dot remains very bullish on the overall general purpose reloadable (GPR) opportunity. While the large population of unbanked and underbanked consumers is the natural target for GPR cards, Green Dot believes that a much wider set of the population could find utility with its cards. To this end, the company sees a market opportunity among 160mn consumers in the U.S.,” Sterne Agee said in the note.
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