CPI Card Group price target raised to $38 from $36 at DA Davidson

DA Davidson raised the firm’s price target on CPI Card Group (PMTS) to $38 from $36 and keeps a Buy rating on the shares. The company’s Q4 results were “solid”, led by impressive growth in the Prepaid Debit segment, while the management provided their initial financial guidance for 2025 calling for mid-to-high single-digit Y/Y growth in total revenue and adjusted EBITDA, the analyst tells investors in a research note. The stock’s enterprise value to expected forward EBITDA multiple of 5.5- to 6.0- times is also “attractive”, the firm adds.