Why Did Green Dot Plunge 2.43% Amid Leadership Shake-Up?

On March 24, 2025, Green Dot's stock price dropped by 2.43% in pre-market trading.

Craig Hallum upgraded Green Dot from a "hold" to a "buy" rating, setting a price target of $14.00. This positive outlook from the analyst could be a significant factor in the stock's performance, as it indicates confidence in the company's future prospects.

Green Dot is also undergoing a leadership shake-up with the departure of CEO George Gresham amid a strategic review. This change in leadership could have implications for the company's direction and performance, potentially influencing investor sentiment and stock price movements.

Earnings for Green Dot are projected to grow by 13.79% in the coming year, from $0.87 to $0.99 per share. This expected growth in earnings could be a positive indicator for investors, suggesting that the company is on track for financial success and potentially driving up the stock price.