Cardlytics settles USD 6.4 million claim as BofA cuts target for Cardlytics stock

Published on 10/02/2026 at 05:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue fell 36.00 percent to USD 36.88 million in the second quarter of 2026. Cardlytics stock has 4 analyst ratings and a USD 6.00 average target.

CDLX, US14161W1053, Illustration mit AI erstellt.

Cardlytics (ISIN US14161W1053) agreed to a USD 6.4 million settlement with former Bridg executive Amit Jain on September 4, 2026, according to an SEC filing dated September 11, 2026. BofA adjusted its price target for Cardlytics from USD 8.00 to USD 4.00 on August 7, 2026, according to MarketScreener.

Settlement sets a measurable liability

The settlement covers Amit Jain's indemnification claim linked to the DailyGobble litigation and related insurance actions. Cardlytics said the aggregate amount was consistent with a USD 6.5 million accrual recorded as of June 30, 2026, while the company is seeking insurance reimbursement, the SEC filing states.

The agreement gives investors a concrete measure of the legal burden carried into the second half of 2026. The USD 6.4 million settlement is close to the recorded accrual, limiting the gap between the recognized liability and the disclosed resolution amount.

Revenue decline meets a narrow forecast

Cardlytics reported USD 36.88 million of revenue in the second quarter of 2026, down 36.00 percent from USD 58.00 million a year earlier, according to Simplify. The company also reported a USD 14.88 million net loss and negative USD 10.70 million in free cash flow for that quarter.

The same report said Cardlytics issued third-quarter 2026 revenue guidance of USD 34.00 million to USD 39.00 million. That range places the midpoint at USD 36.50 million, slightly below the second-quarter revenue figure and keeps the top-line recovery question central to the stock story.

Nasdaq value remains the market test

Cardlytics was last at USD 2.64 on Nasdaq on October 1, 2026 at 4:00 p.m. EDT, versus a prior close of USD 2.94, a decline of 10.20 percent. The same session data put the 52-week range at USD 2.62 to USD 26.70 and market capitalization at USD 15.3 million.

Cardlytics describes its business as a commerce media platform using purchase data to connect advertisers, banks and consumers. Its investor-relations profile says the network reaches approximately half of U.S. card transactions and a quarter of U.K. card transactions, giving the company a broad distribution base while the reported revenue decline shows the monetization challenge.

For investors, the key tension is visible in the numbers: a settlement near the accrued liability, a third-quarter revenue range centered below second-quarter sales, and an analyst target still above the latest Nasdaq quote.