Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Anusuya Lahiri

BTIG Remains Bullish On CoreCard Despite Apple's Move To Bring Financial Service Offerings In-House

Apple BTIG Mark Palmer Nasdaq NYSE
  • The news of Apple Inc (NASDAQ:AAPL) developing payment-processing technology to bring some of its financial-services offerings in-house triggered a meltdown in CoreCard Corp (NYSE:CCRD) share prices. 
  • However, BTIG analyst Mark Palmer views the pressure on CoreCard shares as vivid.
  • He sees it as unlikely that Apple's move to bring more of its payment processing in-house would impact the Apple Card program during the next several years. 
  • Having been viewed as differentiated due to its new level of privacy and security and multifaceted rewards program, Apple Card serves as an illustration of the versatility of CoreCard's software.
  • Palmer has a Buy rating and a $50 price target (82.5% upside) on CoreCard shares.
  • CoreCard's Q4 revenue of $13.05 million, up 36% year-on-year, topped the consensus of $12.25 million. The EPS of $0.30 beat the consensus of $0.28.
  • Price Action: CCRD shares closed lower by 5.97% at $27.40 on Thursday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Tom Hardy's Venom And Andrew Garfield's Spider-Man Crossover Teased.
Fan trailer 'Venom: The Last Dance' hints at a clash between Tom Hardy's Venom and Andrew Garfield's Peter Parker in The Amazing Spider-Man 3, sparking exc...
Top News
Top News
The Anxious Generation wants to save teens. But the bestseller’s anti-tech logic is skewed
There’s no doubt about the mental health crisis facing young people. Jonathan Haidt blames our devices – which oversimplifies the problem
The Guardian - US
The Guardian - US
How to play with Barbie dolls: 6 ways to use the iconic doll as a positive role model at home
If you have a little one who loves to play with Barbie, there are lots of positive ways in which you can encourage them to play in a way that helps their development and self-esteem. We’ll show you how.
GoodToKnow
GoodToKnow
7 Google Docs keyboard shortcuts to get more done in less time
Google Docs is a great free online word processor, and you can get a lot of productivity out of it once you know these keyboard shortcuts.
Tom’s Guide
Tom’s Guide
Woman Misses Her Freckles So She Paints Them On, Gets Called Out For ‘Cultural Appropriation’
Cultural appropriation in beauty and fashion is nothing new. But today, it seems impossible that white models could walk a runway in dreadlocks, tribal and Native American dress, or geisha makeup and kimonos. Appropriation happens when consumers or companies use and manufacture products that either promote cultural stereotypes or take…
Bored Panda
Bored Panda
50 Texts Women Got From Men That Are A Crash Course In How Not To Communicate
For many of us, texting is a huge part of our lives. However, some messages can take an unexpected turn for the bizarre, hilarious, and even downright cringy. The post 50 Texts Women Got From Men That Are A Crash Course In How Not To Communicate first appeared on Bored…
Bored Panda
Bored Panda
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play