Market Overview

UPDATE: Goldman Sachs Reiterates Sell Rating, Raises PT on comScore on Solid 4Q Beat

Share:
Related SCOR
Fox's 'Kung Fu Panda 3' Number One Again With $44M Globally
Benzinga's Top Initiations
Will Global Economic Worries Slow Online Travel Giant Expedia? (Investor's Business Daily)

In a report published Friday, Goldman Sachs reiterated its Sell rating on comScore (NASDAQ: SCOR), and slightly raised its price target from $14.00 to $15.00.

Goldman Sachs noted, “comScore reported 4Q12 revenues of $68.4mn (+9.3% yoy vs. +9.4% yoy in 3Q) above our $65.1mn estimate on better than expected subscription revenues. Adjusted EBITDA was $12.2mn (17.8% margin vs. 17.1% in 3Q) vs. our forecast of $10.8mn. While results were better than expected, we continue to believe that comScore faces headwinds as it attempts to deal with the transition to mobile and cross platform measurement and the increasing availability of substitutes, therefore we remain at a Sell rating.”

comScore closed on Thursday at $15.51.

Latest Ratings for SCOR

DateFirmActionFromTo
Jan 2016Evercore ISI GroupInitiates Coverage onHold
Jan 2016MacquarieInitiates Coverage onOutperform
Jan 2016NeedhamMaintainsBuy

View More Analyst Ratings for SCOR
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Price Target Analyst Ratings

 

Related Articles (SCOR)

View Comments and Join the Discussion!

Get Benzinga's Newsletters