Citigroup analyst Ashwin Shirvaikar maintained a Buy rating on Greensky Inc (NASDAQ: GSKY) today and set a price target of $26. The company’s shares closed yesterday at $18.91.
According to TipRanks.com, Shirvaikar is a 5-star analyst with an average return of 17.1% and a 75.7% success rate. Shirvaikar covers the Technology sector, focusing on stocks such as Global Payments Inc, Paypal Holdings, and First Data Corp.
Currently, the analyst consensus on Greensky Inc is a Moderate Buy with an average price target of $27.20, implying a 43.8% upside from current levels. In a report released yesterday, SunTrust Robinson also reiterated a Buy rating on the stock with a $30 price target.
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Based on Greensky Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $5.55 million. In comparison, last year the company had a net profit of $17.03 million.
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GreenSky, Inc. is a technology company. It powers commerce at the point of sale. The company’s platform facilitates merchant sales, while reducing the friction, and improving the economics, associated with a consumer making a purchase and a bank extending financing for that purchase.
