UPDATE: Stifel Nicolaus Raises PT to $33 on HomeAway On Solid Q4
Stifel Nicolaus maintained HomeAway (NASDAQ: AWAY) with a Buy rating and raised the price target from $31.00 to $33.00.
Stifel Nicolaus commented, "HomeAway's 4Q12 results are the first quarter in which reported GAAP revenue and earnings meaningfully reflect the impact and benefit of the company's multiple product cycles – product cycles that will continue to drive revenue and earnings through 2013 and 2014. … The bottom line is we believe the runway for innovation and accelerating financial performance is a multi-year opportunity for HomeAway."
HomeAway closed at $25.04 on Wednesday.
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