Market Overview

UPDATE: Goldman Sachs Downgrades Green Dot to Neutral

Share:
Related GDOT
Green Dot Announces Opening of Wholly-Owned Subsidiary in Shanghai, China
Mid-Afternoon Market Update: US Stocks Mostly Flat; Darden Restaurants Rises Following Strong Earnings Report, Potential REIT Separation

According to Goldman Sachs, Green Dot (NASDAQ: GDOT) is downgraded to Neutral.

Goldman Sachs said that it downgraded GDOT to Neutral from Buy, as it now expects increased competition from large banks and other processors, and limited new retail distribution announcements to limit the growth profile for the model. “Since adding GDOT to the Buy List (8/15/2011), the shares are down 31.6% (vs. S&P +10.0%). Ytd GDOT is down 30.8% (vs. S&P +5.3%).”

Green Dot closed yesterday at $21.61.

Latest Ratings for GDOT

DateFirmActionFromTo
Aug 2015Portales PartnersUpgradesSector PerformOutperform
Aug 2015JP MorganMaintainsNeutral
Jun 2015Compass PointMaintainsNeutral

View More Analyst Ratings for GDOT
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Downgrades Analyst Ratings

 

Related Articles (GDOT)

View Comments and Join the Discussion!

Get Benzinga's Newsletters