Cardlytics' Relationships With Top US Banks Is Key To Targeted Marketing Success: Analyst
Portfolio Pulse from Nabaparna Bhattacharya
Needham analyst Kyle Peterson reiterated a Buy rating on Cardlytics, Inc (NASDAQ:CDLX), raising the price target to $19 from $10. CDLX's 2Q23 results exceeded expectations, and the company's relationships with top US banks are seen as key to its targeted marketing success. Peterson raised FY23 and FY24 revenue estimates and expects the company's acquisitions to diversify its MAU base and advertiser vertical mix.
August 04, 2023 | 12:00 pm
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Cardlytics' strong 2Q23 results and strategic relationships with top US banks have led to a raised price target by Needham analyst. The company's acquisitions are also expected to diversify its user base and advertiser mix.
The raised price target and positive analyst rating indicate a bullish outlook for Cardlytics. The company's strong 2Q23 results and strategic relationships with top US banks are seen as key drivers for its success. Additionally, the company's acquisitions are expected to diversify its user base and advertiser mix, potentially leading to further growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100