UPDATE: Cantor Fitzgerald Initiates Coverage on VistaPrint with Buy Rating, $46 PT
In a report published Friday, Cantor Fitzgerald initiated coverage on VistaPrint (NASDAQ: VPRT) with a Buy rating and $46.00 price target.
Cantor Fitzgerald noted, “We are initiating coverage of Vistaprint with a BUY rating and a $46 price target. Vistaprint continues to be the disrupter in a market that is large, fragmented, relatively low-tech, and mostly offline. While investments will likely keep a lid on profits near-term, we expect meaningful improvement in margins longer-term, accompanied by above-industry top-line growth.”
VistaPrint closed on Thursday at $37.73.
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