Market Overview

UPDATE: Deutsche Bank Cuts PT to $7 on Boingo Wireless on Lower Than Expected Guidance

Share:
Related WIFI
Boingo CEO Weighs In On Partnering With Sprint
Boingo Wireless Supported By Military, Forecast Reduced At Credit Suisse

Deutsche Bank maintained Boingo Wireless (NASDAQ: WIFI) with a Hold rating and lowered the price target from $9.00 to $7.00.

Deutsche Bank noted, "WIFI posted mixed results & provided guidance below expectations, due to NT pressures in retail. Following results, we lower our PT as we align our ests with lower than expected guidance. Reiterate HOLD given NT execution risk as WIFI transitions to a more wholesale/ advertising based model. … [W]e reduce our price target to $7 (from $9) to reflect near-term risk associated with WIFI's shifting revenue mix, a lower target multiple (5x '14 EBITDA vs. 5.5x prior) and lower forecasts."

Boingo Wireless closed at $6.77 on Friday.

Latest Ratings for WIFI

DateFirmActionFromTo
May 2015JefferiesMaintainsBuy
Apr 2015DA DavidsonMaintainsBuy
Mar 2015JefferiesMaintainsBuy

View More Analyst Ratings for WIFI
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings

 

Related Articles (WIFI)

Around the Web, We're Loving...