Market Overview

Green Dot Q2 Earnings Analyst Roundup

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Following Thursday's second quarter earnings release, shares of Green Dot (NYSE: GDOT) have rallied 10 percent Friday.

In response to the company's results and guidance, a number of analyst firms have issued notes detailing their opinion of the stock.

BTIG - Buy, $31 Price Target

"Green Dot announced that it had become further intertwined with Walmart, which is responsible for approximately 55 percent of its revenues."

"We continue to believe investors should initiate or add to positions at current levels as we view the shares are poised to rebound nicely during the coming months."

Morgan Stanley - Equal-weight, $19 Price Target

"While Increase in fiscal 2014 EBITDA guidance should please the bulls, bears are likely to take issue with weaker than expected first half progress on revenues, which could set Green Dot up for a miss on unchanged revenue expectations."

Deutsche Bank - Hold, $21 Price Target

"Green Dot revenues at Wal-Mart declined double-digits to 55 percent of total revenues from 65 percent of revenues in the second quarter of 2013 which the company attributed to increase usage of fee waiver plan. Although its unclear if increased competition from AXP BlueBird and Serve card negatively impacted revenues."

Keefe, Bruyette & Woods - Market Perform, $21 Price Target

"Given lack of clarity around the Walmart renewal process looming in the near future as well as the fact that the ramp in revenues in the back half of the year is more meaningful than our previous expectations, we continue to wait for more visibility into key issues pertaining to the long-term growth of the company before becoming more constructive on the shares."

Latest Ratings for GDOT

DateFirmActionFromTo
Sep 2014Sterne AgeeInitiates Coverage onNeutral
Sep 2014Raymond JamesDowngradesMarket PerformUnderperform
Aug 2014JefferiesMaintainsBuy

View More Analyst Ratings for GDOT
View the Latest Analyst Ratings

Posted-In: btig Deutsche Bank KBW Morgan StanleyAnalyst Color Price Target Reiteration Analyst Ratings

 

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