Cardlytics price target raised to $15 from $12 at Needham

Needham analyst Kyle Peterson raised the firm’s price target on Cardlytics (CDLX) to $15 from $12 and keeps a Buy rating on the shares. The company’s Q4 results were in-line with its pre-announcement in January as advertiser spend improved throughout the quarter, the analyst tells investors in a research note. Cardlytics’ Q1 outlook was also solid, and the company announced that it has signed a three-year contract to provide card-linked offers for American Express (AXP) – the second largest credit card issuer in the U.S., the firm added, calling this a landmark win that should provide increased access to consumer transaction data.