Jefferies reduced its rating on Green Dot Corporation GDOT from Buy to Hold and lowered its price target from $29 to $19.
Jefferies noted, "We are downgrading GDOT to a Hold rating following the company's sizable F12 guide-down announced on last night's 2Q earnings call. We now believe we likely misjudged GDOT's ability to weather increased competitive and regulatory pressures (and acknowledge mgmt's sizeable challenge ahead to improve deeply negative investor sentiment)."
Green Dot Corporation closed at $23.32 on Thursday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in