In a report published Tuesday, BWS Financial analyst Hamed Khorsand reiterated a Buy rating and $85.00 price target on Rentrak Corporation RENT.
In the report, BWS Financial noted, “The narrative this midterm election cycle is money.Multiple media outlets are projecting the total spend on the 2014 elections will top $4 billion, with over $1 billion spent on advertising. Ballots will determine the winner of these contested elections, but one company is the winner regardless of the outcome of the votes: Rentrak (RENT).”
Rentrak Corporation closed on Tuesday at $74.61.
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