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UPDATE: Morgan Stanley Reiterates On Green Dot Corporation Following Tax Processor Acquisition

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In a report published Friday, Morgan Stanley analyst Smittipon Srethapramote reiterated an Equal-Weight rating on Green Dot Corporation (NYSE: GDOT), and raised the price target from !9.00 to $20.00.

In the report, Morgan Stanley noted, “The TPG acquisition should help address concerns about exposure to WMT. However, growth in the core business has disappointed for two quarters in a row and will likely weigh down on the multiple. Remain EW.”

Green Dot Corporation closed on Thursday at $19.60.

Latest Ratings for GDOT

DateFirmActionFromTo
May 2019DowngradesBuyNeutral
May 2019DowngradesBuyNeutral
Apr 2019Initiates Coverage OnBuy

View More Analyst Ratings for GDOT
View the Latest Analyst Ratings

Posted-In: Morgan Stanley Smittipon SrethapramoteAnalyst Color Price Target Analyst Ratings

 

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