Credit Suisse Sticks to Its Buy Rating for Greensky Inc (GSKY)

By Carrie Williams

Credit Suisse analyst Paul Condra maintained a Buy rating on Greensky Inc (NASDAQ: GSKY) today and set a price target of $28. The company’s shares closed yesterday at $18.91.

According to TipRanks.com, Condra is a 5-star analyst with an average return of 15.8% and a 80.5% success rate. Condra covers the Technology sector, focusing on stocks such as Alliance Data Systems, Total System Services, and Paypal Holdings.

Currently, the analyst consensus on Greensky Inc is a Moderate Buy with an average price target of $27.10, which is a 43.3% upside from current levels. In a report released today, Citigroup also maintained a Buy rating on the stock with a $26 price target.

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Based on Greensky Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $5.55 million. In comparison, last year the company had a net profit of $17.03 million.

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GreenSky, Inc. is a technology company. It powers commerce at the point of sale. The company’s platform facilitates merchant sales, while reducing the friction, and improving the economics, associated with a consumer making a purchase and a bank extending financing for that purchase.