UPDATE: Goldman Sachs Initiates ValueClick at Buy on Ad Tech Exposure
Goldman Sachs initiated ValueClick (NASDAQ: VCLK) with a Buy rating and a $25.00 price target.
Goldman Sachs said, "We believe that with roughly 60% of its revenue from ad tech businesses and a robust ad tech stack, VCLK is the purest play on the expected growth of the programmatic tier of the display market."
ValueClick closed at $20.25 on Wednesday.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.