Barrington Research Raises PT to $41, Maintains Outperform Rating.

Barrington Research Raises PT to $41, Maintains Outperform Rating.

Barrington Research has raised its price target for Clip Money Inc. (CLPMF) to $41, while maintaining its Outperform rating. This move comes amidst strong financial results reported by the company in the second quarter of 2025.

Clip Money Inc., a multi-bank self-service deposit system provider, reported revenue of $1.35 million for Q2 2025, marking a 248% year-over-year growth [1]. The company demonstrated significant operating leverage with cost of revenues increasing only 60% during the same period. Key operational highlights include the expansion of their U.S. business deposit network through a partnership with Green Dot, adding over 4,000 new deposit locations at big-box retail stores. The company's total network now spans 8,500 locations across ClipDrop, ClipATM, and ClipCenter services. Additionally, Clip Money secured $4 million in financing through a convertible note and private placement, while adding 294 new users and expanding their ClipDrop network to 483 units.

The positive financial performance and strategic expansions have likely contributed to Barrington Research's optimistic outlook. The analyst firm noted that Clip Money's continued growth in the fintech sector, driven by partnerships and network expansions, positions it well for future success.

For more information on Clip Money Inc., visit their dedicated news page [1].

References:
[1] https://www.stocktitan.net/news/CLPMF/