UPDATE: Jefferies Raises PT on Green Dot Corporation on Near-Term Upside, Long-Term Overhangs
In a report published Wednesday, Jefferies analyst Ramsey El-Assal reiterated his Hold rating on Green Dot Corporation (NYSE: GDOT), and raised his price target from $12.00 to $14.00.
In the report, El-Assal noted, “Our proprietary analysis examines the evolving relationship between GDOT & WMT (65% of GDOT revs), highlighting the wide range of potential downside/upside EPS impacts from both near-term and longer-term developments, such as Bluebird, pricing pressure, and issues surrounding the F15 WMT contract renewal. We are raising ests and PT due to possible near-term upside to Street, but maintain Hold rating due to longer-term overhangs.”
Green Dot Corporation closed on Tuesday at $14.78.
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