UPDATE: Goldman Sachs Reiterates Buy Rating, Raises PT on ValueClick After Tech & Internet Conference

Loading...
Loading...
In a report published Friday, Goldman Sachs reiterated its Buy rating on ValueClick
VCLK
, and raised its price target from $27.00 to $30.00. Goldman Sachs noted, “John Giuliani, CEO, presented at the GS Tech & Internet Conference. We have increased confidence in the company's positioning, in what we believe to be a rising tide of programmatic buying, as the company is executing on client integration, aligning the organization, and differentiating in the market. With a 7% FCF yield, we expect VCLK to resume buybacks and invest in growth. We look towards the company's March 14 investor day as the next major catalyst for the stock.” ValueClick closed on Thursday at $26.09.
Posted In: Analyst ColorPrice TargetAnalyst RatingsGoldman Sachs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...