Cardlytics (CDLX) added five dollars to its share price on the days following its earnings report. Markets realized the two-notch downgrade from an analyst made no sense. Fears that the weak restaurant and tourism business would hurt Cardlytics did not play out as bad as thought. Instead, the company posted revenue growing a solid 26.5% year-on-year. Even though investors missed the proverbial bottom at around $30 just last month in April, the stock’s uptrend may continue.
This stock is akin to Stamps.com (STMP) after the plunge. Investors thought the company would