Green Dot gains after raising annual profit forecast

** Digital bank Green Dot's GDOT.N shares jump 18.8% to $11.80 premarket

** GDOT raised annual adjusted profit forecast on Monday, betting on increasing demand for banking as a service (BaaS) with its new and expanding partnerships

** GDOT is continuing to pick up traction and build on momentum, says Northland Capital analyst Mike Grondahl

** Brokerage raises PT to $16 from $14, implying a 61% upside to stock's last close

** Two of 3 brokerages rate the stock "buy" and 1 "hold"; median PT is $14 - data compiled by LSEG

** As of last close, GDOT shares down 6.7% YTD