Green Dot Corporation (GDOT): Among Stocks Wall Street Is Calling Bullish Amid Market Turmoil

We recently published a list of 10 Stocks Wall Street Is Calling Bullish Amid Market Turmoil. In this article, we are going to take a look at where Green Dot Corporation (NYSE:GDOT) stands against other stocks that Wall Street is calling bullish amid market turmoil.

The S&P 500 is down 8.6% in a month while the Nasdaq has lost nearly 13%. Markets continue to scare retail investors as stock after stock struggles to deal with the aftermath of Donald Trump’s unpredictable and aggressive policies.

While it is advisable to stay out of the market till the dust settles, one also can’t deny that it is times like these that bring opportunities. We decided to come up with a list of stocks that are expected to go up even in the existing gloomy environment.

To come up with the list of 10 stocks that Wall Street is bullish on, we looked at stocks that were recently upgraded by analysts and have performed well in the last 5 days of trading.

A close-up of a hand holding a credit card, representing the companies multi-level payment services.

Green Dot Corporation (NYSE:GDOT) 

Green Dot Corporation (NYSE:GDOT) is a financial technology and registered bank holding company. The company offers different financial services to businesses and individuals. It operates in Business to Business Services, Consumer Services, and Money Movement Services segments.

According to Wall Street analysts, the company has the highest target price of $14 which means it could gain 88.17% from here on if the bull thesis proves accurate. The median price target of $11 has a 47.85% upside from current levels.

Green Dot (NYSE:GDOT) recently received an upgrade from Craig Hallum with a revised rating of Buy. Analysts believe that the company’s BaaS platform and Tax division could be appealing to a private equity buyer, which would lead to a potential acquisition of the company or breaking of the business into multiple units, which could unlock a better valuation.

GDOT’s shares surged as a result of this upgrade and gained 14% in the last five trading sessions. This upward trend in the stock performance is likely to continue in the future as Wall Street analysts are very optimistic about the stock’s M&A angle.

Overall, GDOT ranks 8th on our list of stocks that Wall Street is calling bullish amid market turmoil. While we acknowledge the potential of GDOT as a leading investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as GDOT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires

Disclosure: None. This article is originally published at Insider Monkey.