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UPDATE: Goldman Sachs Downgrades Green Dot to Neutral

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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
Mar 2017SunTrust Robinson HumphreyUpgradesHoldBuy
Jan 2017CitigroupUpgradesNeutralBuy
Jan 2017Loop CapitalInitiates Coverage OnBuy

View More Analyst Ratings for GDOT
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Downgrades Analyst Ratings

 

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