Credit Suisse Keeps a Buy Rating on Greensky Inc (GSKY)
Credit Suisse analyst Paul Condra maintained a Buy rating on Greensky Inc (NASDAQ: GSKY) yesterday and set a price target of $28. The company’s shares closed yesterday at $15.50, close to its 52-week low of $14.49.
According to TipRanks.com, Condra is a 5-star analyst with an average return of 13.6% and a 77.3% success rate. Condra covers the Technology sector, focusing on stocks such as Alliance Data Systems, Total System Services, and Paypal Holdings.
Greensky Inc has an analyst consensus of Strong Buy, with a price target consensus of $24.83, implying a 60.2% upside from current levels. In a report issued on October 11, BTIG also initiated coverage with a Buy rating on the stock with a $23 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.