Market Overview

UPDATE: Goldman Sachs Downgrades Green Dot to Neutral

Share:
Related GDOT
Greenlight Capital Buys Yahoo!, Trims Apple, Sells BP in Q4
Mid-Day Market Update: Amazon Jumps On Upbeat Earnings; Hawaiian Holdings Shares Slide

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
Feb 2015JP MorganMaintainsNeutral
Feb 2015JMP SecuritiesMaintainsMarket Outperform
Feb 2015Keefe Bruyette & WoodsMaintainsMarket Perform

View More Analyst Ratings for GDOT
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Downgrades Analyst Ratings

 

Related Articles (GDOT)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→