Green Dot hits nine-month high after raising annual profit forecast
ReutersAug 12, 2025 3:12 PM
** Digital bank Green Dot's GDOT.N shares jump as much as 33.6% to $13.27, touching their highest level since November
** GDOT raised its annual adjusted profit forecast on Monday, betting on increasing demand for banking as a service (BaaS) with its new and expanding partnerships
** The company 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 three brokerages rate the stock "buy" and one "hold"; median PT is $14 - data compiled by LSEG
** As of last close, GDOT shares down 6.7% YTD
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