Market Overview

UPDATE: Cantor Fitzgerald Upgrades comScore to Buy Following Strong 1Q13 Results

Share:
Related SCOR
Do Women Have More Purchasing Power Than Men?
Benzinga's Top Initiations
Xerox (XRX) Medicaid Portal Receives Federal Certification - Analyst Blog (Zacks)

In a report published Friday, Cantor Fitzgerald analyst Youssef Squali upgraded the rating on comScore (NASDAQ: SCOR) from Hold to Buy, and raised the price target from $16.00 to $20.00.

In the report, Squali noted, “comScore reported strong 1Q:13 results and 2Q:13/FY:13 guidance that exceeded Street expectations. We're upgrading the stock to BUY and raising our PT to $20 from $16, as the company seems to be gaining traction with new offerings, including validated Campaign Essentials (vCE), Digital Analytix, and Media Metrix Multi-Platform. SCOR reported GAAP revenue of $68.8M (+10.6% Y/Y growth or +12% pro-forma, i.e. ex. non-health copy testing biz), and adjusted EBITDA of $12.6M, ahead of StreetAccount estimates of $66.0M and $7.9M, respectively. 1Q:13 results also exceeded the high end of management guidance.”

comScore closed on Thursday at $15.94.

Latest Ratings for SCOR

DateFirmActionFromTo
Jun 2015Goldman SachsDowngradesBuyNeutral
May 2015NeedhamInitiates Coverage onBuy
May 2015Goldman SachsReinstatesBuy

View More Analyst Ratings for SCOR
View the Latest Analyst Ratings

Posted-In: Cantor FitzgeraldAnalyst Color Upgrades Analyst Ratings

 

Related Articles (SCOR)

Around the Web, We're Loving...

Get Benzinga's Newsletters