** Northland Securities upgrades digital bank and fintech firm Green Dot GDOT.N to "outperform" from "market perform"
** Says GDOT has been talking about a turnaround for several years which hasn't materialized and it believes the bank is serious about a sale
** GDOT last month announced it had hired Citigroup C.N to explore potential strategic alternatives
** Brokerage says GDOT could be worth more than its current market cap in a sale, with the bank's various businesses likely to attract significant value, especially when broken apart
** Expects GDOT's tax and payroll card businesses as well its Utah banking charter to attract interest
** One of 5 brokerages rate the stock "buy", 3 "hold" and 1 "sell"; median PT $11 - data compiled by LSEG
** As of last close, GDOT stock down 37% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.