William Blair analyst Christopher Kennedy has maintained their neutral stance on GDOT stock, giving a Hold rating on October 30.
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Christopher Kennedy has given his Hold rating due to a combination of factors influencing Green Dot’s current and future performance. The company has shown an improvement in its EBITDA for the September quarter, surpassing expectations by $8.5 million, and has raised its 2025 adjusted EBITDA guidance. However, the ongoing strategic review and lack of a 2026 outlook contribute to uncertainty, despite potential stabilization from new client acquisitions in the financial services segment.
Despite the positive adjustments in EPS estimates for 2025 and 2026, Green Dot’s shares are trading below recent fintech acquisition multiples, indicating potential volatility in results. The decision to maintain a Hold rating also considers the significant customer concentration risk and challenges in revitalizing the retail division. The company’s leadership has been focused on enhancing its tech stack and compliance capabilities, which, along with new client wins, position Green Dot to execute its long-term strategy. Nevertheless, the full realization of these efforts will take time, and the outcome of the strategic review and CEO search remains pivotal.
According to TipRanks, Kennedy is an analyst with an average return of -7.2% and a 31.88% success rate. Kennedy covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Remitly Global, and Fidelity National Info.
In another report released on October 30, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $13.00 price target.