Merrill Lynch Believes Cardlytics Inc (CDLX) Still Has Room to Grow


Merrill Lynch analyst Nat Schindler reiterated a Buy rating on Cardlytics Inc (CDLX) today and set a price target of $32. The company’s shares opened today at $28.57, close to its 52-week high of $30.38.

According to TipRanks.com, Schindler is a 5-star analyst with an average return of 14.2% and a 55.7% success rate. Schindler covers the Technology sector, focusing on stocks such as IAC/InterActiveCorp, Wix.com Ltd, and GrubHub.

Currently, the analyst consensus on Cardlytics Inc is a Strong Buy with an average price target of $25.50.

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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 $6.31 million. In comparison, last year the company had a GAAP net loss of $13.05 million.

Based on the recent corporate insider activity of 61 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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