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UPDATE: Piper Jaffray Initiates Coverage on YuMe on Best Market Offering Position

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In a report published Tuesday, Piper Jaffray analyst Gene Munster initiated coverage on YuMe (NYSE: YUME) with an Overweight rating and $13.00 price target.

In the report, Piper Jaffray noted, “We initiate Overweight on shares of YUME with a $13 target. We believe that YuMe is the best publicly traded pure-play online video platform, yet shares currently trade at a discount to its most direct peer in the market, despite higher projected growth rates. Over time, we believe YuMe will benefit from the shift of the $200 billion global TV ad market to online video and also believe the company has a strategy to directly drive the shift.”

YuMe closed on Friday at $8.48.

Latest Ratings for YUME

DateFirmActionFromTo
May 2015CitigroupMaintainsNeutral
Feb 2015CitigroupMaintainsNeutral
Dec 2014Janney CapitalInitiates Coverage onNeutral

View More Analyst Ratings for YUME
View the Latest Analyst Ratings

Posted-In: Gene Munster Piper JaffrayAnalyst Color Initiation Analyst Ratings

 

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