Cardlytics Stock Surges 5% After Hours As Citron Research Spotlights Wells Fargo Partnership
Mohd Haider 1 year ago
EquitiesNewsPenny Stocks
Cardlytics Inc. (NASDAQ: CDLX) saw its stock fall 9.85% during regular trading on Thursday. However, the stock rebounded in after-hours trading, climbing 5.04% to $2.50 following positive remarks from analysts.
Cardlytics Inc. (NASDAQ: CDLX) saw its stock fall 9.85% during regular trading on Thursday. However, the stock rebounded in after-hours trading, climbing 5.04% to $2.50 following positive remarks from analysts.
Check out the current price of CDLX stock here.
Wells Fargo Partnership Creates Tailwinds
Citron Research highlighted that Wells Fargo Co. (NYSE: WFC) uses Cardlytics’ platform to process credit card offers, according to a post on X.
$CDLX more tailwinds CNBC just put a spotlight on $WFC's credit card push. What most missed: Wells Fargo already runs its offers through $CDLX.
— Citron Research (@CitronResearch) September 24, 2025
That means as $WFC leans harder into cards, $CDLX directly benefits. One grows, the other grows — the model is already in motion.
The…
As Wells Fargo expands its credit card efforts, Cardlytics stands to gain directly from the rise in transaction volume.
Citron Research Drives Momentum
The California-based hedge fund manager believes Cardlytics is well-positioned to tap into the retail media market, which is expected to reach $100 billion by 2028. This opportunity arises as Google (NASDAQ: GOOG) (NASDAQ: GOOGL) and Meta (NASDAQ: META) move away from traditional tracking cookies.
See Also: Oracle Stock Rises After Trump Signs Executive Order On TikTok
CDLX surged 73.4% on September 18 following AmEx Platinum card refresh news
Growth Potential Despite Decline
Cardlytics, the Atlanta-based fintech company, has seen its stock decline by 35.85% year-to-date. Over the past year, the stock has ranged from $0.85 to $5.25. The company's market capitalization stands at $126.70 million, with an average daily trading volume of 8.48 million shares.
Price Action: According to Benzinga Pro data, CDLX closed on Thursday at $2.38.
Benzinga Edge Stock Rankings indicate that CDLX has a positive price trend across all time frames. Track the performance of other players in this segment.
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Photo Courtesy: Gorodenkoff on Shutterstock.com
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.