BM Technologies upgraded to Outperform from Market Perform at Northland

Northland analyst Mike Grondahl upgraded BM Technologies to Outperform from Market Perform with a $5.40 price target. The firm sees “two ways win now,” noting that on recent earnings call the company said it has received inbound interest at values substantially higher than the current stock price and that it also expects an increase in adjusted EBITDA in 2025 to roughly $10M due to a focus on the Higher Ed business and exit of the T-Mobile business.