#4 - Green Dot Corp. (NYSE:GDOT)
Green Dot Corp. (NYSE: GDOT) - Banking as a service (BaaS) is another industry that is redefining how companies relate to their customers. Green Dot is not a name that consumers would easily recognize, but companies like Apple, Wal-Mart, and Uber are, and Green Dot provides products for them. And one of their key initiatives is their BaaS initiatives that allow these companies to provide person-to-person payment apps and company-branded payment cards. Apple Pay Cash uses Green Dot for their person-to-person payment platform as does Wal-Mart with their MoneyCard prepaid MasterCard. Uber also uses the company’s products for their instant Pay application. This is looking like the tip of the iceberg for Green Dot which has seen its share price increase by nearly 28% in 2018 which easily outperformed the broader market and the company is generating significant profit from that revenue. The stock is currently trading in the higher range of its 52-week average and is a Moderate Buy according to many analysts. Guidance on the company shows increasing revenue and earnings per share (EPS).
About Green Dot
Green Dot Corporation, a financial technology and registered bank holding company, provides various financial services to consumers and businesses in the United States. It operates through three segments: Consumer Services, Business to Business Services, and Money Movement Services. The company provides deposit account programs, including consumer and small business checking account products, network-branded reloadable prepaid debit cards and gift cards, and secured credit programs.
Read More - Current Price
- $10.23
- Consensus Rating
- Hold
- Ratings Breakdown
- 1 Buy Ratings, 2 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $10.75 (5.1% Upside)
