Green Dot transferred with Market Perform at Keefe Bruyette

Keefe Bruyette raised the firm’s price target on Green Dot to $20 from $17 and keeps a Market Perform rating on the shares. The firm transferred to stock to a new analyst. Over the past year, Green Dot has made significant internal investments to improve its technology capabilities, reduce fraud, and improve customer service, the analyst tells investor sin a research note. While the company’s current guidance seems achievable, Keefe still models revenue contraction year-over-year in 2023 as account degradation continues, says the firm.