tradingkey.logo

BUZZ-Green Dot slides after downbeat annual profit forecast

ReutersFeb 28, 2025 4:47 PM

Shares of digital bank and fintech Green Dot GDOT.N slide as much as 14.7%

GDOT on Thursday forecast annual adjusted EPS below Wall Street expectations

Co says consumer segment remains under pressure due to headwinds in retail channel amid declines in active accounts and revenue

William Blair says GDOT is pivoting its focus to growth, but turning around the retail division will remain a challenge

Says GDOT's assets are likely undervalued, but there is still work to be done and maintains its "market perform" rating

Avg. rating of five analysts is "hold"; median PT is $10 - LSEG data

GDOT stock down 31.5% YTD

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI