Cardlytics Inc (CDLX) Receives a Rating Update from a Top Analyst


In a report released today, Youssef Squali from SunTrust Robinson maintained a Buy rating on Cardlytics Inc (CDLX), with a price target of $27. The company’s shares opened today at $16.37.

Squali noted:

“We maintain a Buy rating and roll out our 2019 PT of $27 (vs. 2018 PT of $27 prior) as CDLX moves beyond the main integration phase with JPM and starts building advertiser demand to fill the growing ad inventory from the higher MAUs. Top line revenue growth for 3Q18 was soft due to a shift in ad budgets for some clients in September, but this seems to be a temporary setback as many of them have come back. We anticipate MAUs to accelerate in 4Q18 and for monetization to follow in 2019 and 2020, causing Y/Y revenue growth to accelerate. CDLX remains attractive at 1.9x EV/Revs on our FY19 ests.”

According to TipRanks.com, Squali is a top 100 analyst with an average return of 18.0% and a 63.6% success rate. Squali covers the Technology sector, focusing on stocks such as Eventbrite Inc, Alphabet Inc, and Shutterstock.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cardlytics Inc with a $25 average price target, representing a 52.7% upside. In a report released today, Raymond James also maintained a Buy rating on the stock with a $20 price target.

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The company has a one-year high of $28.29 and a one-year low of $11.10. Currently, Cardlytics Inc has an average volume of 203.1K.

Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock.

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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.

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