Goldman Sachs Reiterates Buy Rating, $30 PT on ValueClick Ahead of Investor Day

In a report published Monday, Goldman Sachs reiterated its Buy rating and $30.00 price target on ValueClick VCLK. Goldman Sachs noted, “ValueClick will host its first investor day on March 14 in Los Angeles. We expect management to outline its strategy for increasing share of advertising budgets through integrated, multi-product selling with a focus on product & technology, organizational alignment, and go-to-market strategies. CEO John Giuliani, appointed to this role in December, came to ValueClick from Dotomi, a faster growing part of the business, and is likely to focus on driving deeper client penetration, presenting its assets as a scaled and differentiated solution to meet that objective.” ValueClick closed on Friday at $27.72.