Green Dot price target raised to $11 from $10 at Craig-Hallum

Craig-Hallum raised the firm’s price target on Green Dot to $11 from $10 and keeps a Hold rating on the shares. While the firm is remaining Hold-rated, the firm sees incremental positives in the Consumer segment moving into next year and believes that improvement could lead to a re-rating given the current ~3.5x EBITDA multiple, the analyst tells investors in a research note. The company has largely dealt with the consent order and made the necessary investments in compliance and should now be re-investing more in products and user experience, Craig-Hallum adds.