Green Dot price target raised to $16 from $14 at Northland

Northland analyst Mike Grondahl raised the firm’s price target on Green Dot (GDOT) to $16 from $14 and keeps an Outperform rating on the shares, telling investors that the company reported a “solid” Q2 with “beats across the board” and raised guidance. Green Dot is “continuing to pick up traction and build on momentum” following a similar beat and raise across the board in Q1, the analyst added.