Green Dot jumps after lifting annual forecasts

Green Dot

09/05/2025 14:00

** Digital bank and fintech Green Dot's GDOT.N shares jump 17.7% to $10.24 before the bell

** GDOT late Thursday raised its annual forecasts for adjusted profit and operating revenue

** All business segments of GDOT posted profit growth in Q1 for the first time in several years

** Interim CEO William Jacobs says it was a very strong start to 2025, as GDOT added new partners and extended a major retail relationship

** Northland Securities says it was a solid beat-and-raise quarter across the board for GDOT

** 2 of 5 brokerages rate the stock "buy", 2 "hold" and 1 "sell"; median PT $12.50 - data compiled by LSEG

** As of last close, GDOT stock was down 18.2% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))