J.P. Morgan Sticks to Their Hold Rating for Cardlytics (CDLX)

In a report issued on August 3, Doug Anmuth from J.P. Morgan maintained a Hold rating on Cardlytics (CDLXResearch Report), with a price target of $17.00. The company’s shares closed last Thursday at $14.74, close to its 52-week low of $11.96.

According to, Anmuth is a 5-star analyst with an average return of 18.1% and a 60.1% success rate. Anmuth covers the Technology sector, focusing on stocks such as Spotify Technology SA, Fiverr International, and Alphabet Class A.

The word on The Street in general, suggests a Hold analyst consensus rating for Cardlytics with a $16.25 average price target, representing a 0.9% upside. In a report issued on August 3, Craig-Hallum also maintained a Hold rating on the stock with a $15.00 price target.

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The company has a one-year high of $99.47 and a one-year low of $11.96. Currently, Cardlytics has an average volume of 712.9K.

Based on the recent corporate insider activity of 92 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CDLX in relation to earlier this year.

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Cardlytics, Inc. engages in the development of marketing solutions through its purchase intelligence platform. It operates through the Cardlytics Direct and Other Platform Solutions segments. The Cardlytics Direct segment represents its proprietary native bank advertising channel. The Other Platform Solutions segment includes solutions that enable marketers and marketing service providers to leverage the power of purchase intelligence outside the banking channel. The company was founded by Scott D. Grimes, Lynne M. Laube, and Hans Theisen on June 26, 2008 and is headquartered in Atlanta, GA.

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