DA Davidson Starts CPI Card Group (PMTS) at Buy
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Rating Summary:
6 Buy, 4 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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DA Davidson analyst Peter Heckmann initiates coverage on CPI Card Group (NASDAQ: PMTS) with a Buy rating and a price target of $36.00.
The analyst comments "With a strong and rising domestic market share, several industry tailwinds, a forecast for high single digit growth in adjusted EBITDA and free cash flow, and falling net financial leverage, we think CPI Card is attractively valued at an enterprise value of ~5.6 times our 2026 adjusted EBITDA forecast of $109M. We are initiating coverage of CPI with a BUY rating and a $36 price target, which represents an enterprise value of 6.5x our 2026 adjusted EBITDA forecast."
For an analyst ratings summary and ratings history on CPI Card Group click here. For more ratings news on CPI Card Group click here.
Shares of CPI Card Group closed at $27.75 yesterday.
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