SunTrust Robinson Sticks to Their Buy Rating for Cardlytics Inc (CDLX)


In a report released today, Youssef Squali from SunTrust Robinson maintained a Buy rating on Cardlytics Inc (NASDAQ: CDLX), with a price target of $27. The company’s shares opened today at $20.17.

Squali said:

“We maintain a Buy/$27 PT for Cardlytics ahead of 2Q18 results due out 8/14. We expect the company to report a solid quarter inline with management’s prior guidance for revenue and adj. EBITDA. In addition to traction with existing and new advertisers, we’re keen on getting an update on early traction with the JPM Chase roll out as well as with the Wells Fargo pilot, and plans to roll it out nationally in early 2019 as originally planned. We believe Cardlytics enjoys an effective and differentiated model, and remains attractive at a 2.5x EV/Revenue multiple on our 2018 estimates.”

According to TipRanks.com, Squali is a top 100 analyst with an average return of 22.4% and a 71.9% success rate. Squali covers the Services sector, focusing on stocks such as Blue Apron Holdings Inc, Stitch Fix Inc, and Trade Desk Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cardlytics Inc with a $26.50 average price target.

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Based on Cardlytics Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $20.06 million. In comparison, last year the company had a GAAP net loss of $648K.

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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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