SunTrust Robinson Maintains Their Buy Rating on Cardlytics Inc (CDLX)


In a report released today, Youssef Squali from SunTrust Robinson maintained a Buy rating on Cardlytics Inc (CDLX), with a price target of $25. The company’s shares opened today at $21.41.

Squali commented:

“We hosted Cardlytics’ CEO and Co-Founder, Scott Grimes, and COO and Co- Founder, Lynne Laube, at our 6th annual internet and digital media conference for a fireside chat.”

According to TipRanks.com, Squali is a top 100 analyst with an average return of 23.2% and a 70.6% success rate. Squali covers the Technology sector, focusing on stocks such as ANGI Homeservices Inc, IAC/InterActiveCorp, and Match Group Inc.

Cardlytics Inc has an analyst consensus of Strong Buy, with a price target consensus of $24.33, representing a 13.6% upside. In a report issued on May 10, KeyBanc also maintained a Buy rating on the stock with a $26 price target.

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The company has a one-year high of $28.29 and a one-year low of $9.80. Currently, Cardlytics Inc has an average volume of 210K.

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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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