DISH Deal To Boost RENT’s AMI Revenues In FY11

Analysts at Oppenheimer & Co maintain their "outperform" rating on Rentrak Corporation (NASDAQ: RENT), while raising their estimates for the company. The target price for RENT has been raised from $23 to $24.

Rentrak posted better-than-expected Q4 results after the closing bell yesterday, as “lower expenses more than offset lower PPT revenues.”

The analysts mention, “RENT's agreement with DISH allows the company to "sell" linear STB data, which they had previously been ‘processing.’ It should impact AMI revenues by mid-F11, as RENT continues to integrate the data into its system.”

Oppenheimer & Co has raised its diluted EPS estimates for 2010 and 2011 from $0.31 to $0.34 and from $0.74 to $0.81, respectively.

More Analyst Ratings here