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Investing.com - DA Davidson lowered its price target on CPI Card Group (NASDAQ:PMTS) to $32.00 from $38.00 on Tuesday, while maintaining a Buy rating on the stock. The company’s shares, currently trading at $15.25, have declined over 23% in the past week, though analysts maintain a Strong Buy consensus with price targets ranging from $30 to $40.
The price target reduction follows CPI Card Group’s second-quarter results, which DA Davidson noted exceeded their forecasts when adjusting for an intra-quarter accounting change. According to InvestingPro data, the company maintains healthy financials with a current ratio of 2.59, indicating strong liquidity.
With the second-quarter results, CPI Card Group’s management raised their 2025 revenue growth guidance while maintaining their outlook for mid-to-high single-digit growth in adjusted EBITDA.
DA Davidson pointed out that CPI Card Group’s 2025 outlook did not reflect potential impacts from proposed semiconductor tariffs announced last week.
The firm indicated it has trimmed its prior financial forecasts for CPI Card Group, which had already included the Arroweye deal.
In other recent news, CPI Card Group reported its second-quarter earnings for 2025, which showed a significant shortfall in earnings per share (EPS) compared to forecasts. The company posted an EPS of $0.04, falling short of the expected $0.67, resulting in a surprise of -94.03%. Revenue also missed expectations, coming in at $129.8 million against a forecast of $132.98 million. These earnings results have been a key focus for investors. Additionally, Lake Street Capital Markets lowered its price target on CPI Card Group to $30.00 from $35.00, citing a larger-than-expected tariff impact on the company’s margins. DA Davidson also reduced its price target to $32 from $38, maintaining a Buy rating, following the company’s second-quarter results that exceeded the firm’s forecasts when considering an intraquarter accounting change. These developments reflect recent adjustments and challenges facing CPI Card Group.
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