UPDATE: Cantor Fitzgerald Initiates ValueClick at Buy on Differentiation and Valuation
Cantor Fitzgerald initiated coverage on ValueClick (NASDAQ: VCLK) with a Buy rating and a $22 price target.
Cantor Fitzgerald commented, "As a leading provider of digital marketing services, ValueClick differentiates its offering through extensive reach and by being a one-stop shopping destination for marketers/publishers looking for strategic planning, ad creation and optimization, media sourcing, and reporting and analytics. Management has proven M&A savvy, having completed 19 acquisitions since inception, and resilient in what continues to be a very competitive online ad market. At the current valuation, we find the stock compelling."
ValueClick closed at $16.89 on Thursday.
Latest Ratings for VCLK
|Sep 2013||Wedbush||Initiates Coverage on||Neutral|
|Aug 2013||Raymond James||Downgrades||Market Perform||Underperform|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.