Green Dot price target raised to $18 from $16 at Northland

Northland analyst Mike Grondahl raised the firm’s price target on Green Dot (GDOT) to $18 from $16 and keeps an Outperform rating on the shares. The Street currently forecasts adjusted EBITDA of $164M and $176M for FY25 and FY26, respectively, notes the analyst, who believes the Street is in-line for FY25, but argues the FY26 view “could be conservative if momentum continues.”