D.A. Davidson Expects Investments to Ramp in 2015 for Marketo

In a report published Wednesday, D.A. Davidson analyst Jack Andrews reiterated a Buy rating and $49.00 price target on

. In the report, D.A. Davidson noted, "4Q14 revenue of $42.4 million grew 50.3% year-over-year (YoY), above our estimate of $41.5 million and the Street consensus of $41.0 million. Billings of $52.1 million climbed 33.7% YoY, below the StreetAccount consensus of $53.4 million. Revenue faced a <1% FX headwind, while billings were affected by 2%. Non-GAAP EPS came in at a loss of $0.18, well ahead of our estimate of a loss of $0.23 and the Street mean of a loss of $0.25." Marketo closed on Tuesday at $35.38.