Blurbs

BTIG Thinks CoreCard’s Stock is Going to Recover

In a report issued on August 3, Mark Palmer from BTIG reiterated a Buy rating on CoreCard (CCRDResearch Report), with a price target of $50.00. The company’s shares closed last Thursday at $24.60, close to its 52-week low of $20.46.

According to TipRanks.com, Palmer is a 5-star analyst with an average return of 7.6% and a 51.0% success rate. Palmer covers the Financial sector, focusing on stocks such as International Money Express, Mogo Finance Technology, and Silvergate Capital.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CoreCard with a $56.50 average price target.

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The company has a one-year high of $49.14 and a one-year low of $20.46. Currently, CoreCard has an average volume of 63.01K.

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Intelligent Systems Corp. engages in the management of emerging technology companies. It operates through the CoreCard Software, Inc. and affiliate companies, which involves in the design, development, and marketing of software solutions to corporations, financial institutions, retailers, and processors to manage credit and debit cards, prepaid cards, private label cards, fleet cards, loyalty programs, and accounts receivable and small loan transactions. The company was founded in 1973 and is headquartered in Norcross, GA.

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