Market Overview

UPDATE: Credit Suisse Upgrades Bazaarvoice to Outperform, Reiterates $18 PT

Related BV
After-Hours Market Movers Led By Urban Outfitters, United Natural Foods & 21Vianet On Monday
Analyst: Bazaarvoice Is 'Not As Bad As It Looks'
The Health Of The SaaS IPO Market (Seeking Alpha)

In a report published Friday, Credit Suisse Group upgraded its rating on Bazaarvoice (NASDAQ: BV) from Neutral to Outperform, and reiterated its $18.00 price target.

Credit Suisse noted, “PowerReviews and Longboard Media acquisitions grew Bazaarvoice's retailer footprint and its addressable market to include some parts of the display as well as the co-op advertising markets to expand from about $41b previously to $73b over the next five years. And this marks the beginning of the longer term business and revenue model pivot that we have been highlighting for some time as the company looks to generate revenue on a hybrid subscription and transactions-driven basis.”

Bazaarvoice closed on Thursday at $9.08.

Latest Ratings for BV

May 2015NeedhamInitiates Coverage onBuy
Mar 2015Northland SecuritiesInitiates Coverage onOutperform
Mar 2015B RileyDowngradesBuyNeutral

View More Analyst Ratings for BV
View the Latest Analyst Ratings

Posted-In: Credit Suisse GroupAnalyst Color Upgrades Analyst Ratings


Related Articles (BV)

Around the Web, We're Loving...