Green Dot hits nine-month high after raising annual profit forecast

Green Dot

12/08/2025 16:12

Updates

** 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

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com))