BUZZ-Northland upgrades Green Dot to 'outperform' amid strategic review

Reuters

Apr 09

BUZZ-Northland upgrades <a href="https://laohu8.com/S/GDOT">Green Dot</a> to 'outperform' amid strategic review

** Northland Securities upgrades digital bank and fintech firm Green Dot GDOT.N to "outperform" from "market perform"

** Says GDOT has been talking about a turnaround for several years which hasn't materialized and it believes the bank is serious about a sale

** GDOT last month announced it had hired Citigroup C.N to explore potential strategic alternatives

** Brokerage says GDOT could be worth more than its current market cap in a sale, with the bank's various businesses likely to attract significant value, especially when broken apart

** Expects GDOT's tax and payroll card businesses as well its Utah banking charter to attract interest

** One of 5 brokerages rate the stock "buy", 3 "hold" and 1 "sell"; median PT $11 - data compiled by LSEG

** As of last close, GDOT stock down 37% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

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

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median PT $11 - data compiled by LSEG</p><p>** As of last close, GDOT stock down 37% YTD</p><p>(Reporting by Arasu Kannagi Basil in Bengaluru)</p><p>((ArasuKannagi.Basil@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GDOT","symbol_name":"Green Dot","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250409:nL6N3QN0L7:1","article_id":"2526357188","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2526357188","pubTimestamp":1744198083,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Northland upgrades Green Dot to 'outperform' amid strategic review** Northland Securities upgrades digital bank and fintech firm Green Dot GDOT.N to \"outperform\" from \"market perform\"** Says GDOT has been talking about a turnaround for several years which hasn't materialized and it believes the bank is serious about a sale ** GDOT last month announced it had hired Citigroup C.N to explore potential strategic alternatives  ** Brokerage says GDOT could be worth more than its current market cap in a sale, with the bank's various businesses likely to attract significant value, especially when broken apart** Expects GDOT's tax and payroll card businesses as well its Utah banking charter to attract interest** One of 5 brokerages rate the stock \"buy\", 3 \"hold\" and 1 \"sell\"; 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