Jefferies Reiterates Hold Rating on ValueClick (VCLK)

Jefferies is out with a research report this morning, where it reiterates its Hold rating on ValueClick VCLK; it has a $16.00 price target on the stock, up from $15.00. The Jefferies analysts noted that ValueClick was a beneficiary of the healthy holiday shopping season and showed stronger than expected performance in the O&O and Affiliate segments. They added that, while they are warming to the story, the valuation keeps them on the side lines. As for valuation, the analysts remarked, “At $16.49 (after close), VCLK is trading at an EV/EBITDA of 8.0x and P/E of 18.7x our FY11 estimates. Our FY11 PT of $16 is derived using a five-year DCF model.”
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Analyst ColorPrice TargetAnalyst RatingsInformation TechnologyInternet Software & ServicesJefferies
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!