Market Overview

UPDATE: Citigroup Initiates Acquity Group Limited with Buy, $9 PT on Growth Prospects

Share:

Citigroup initiates its coverage on Acquity Group Limited (NYSE: AQ) with a Buy rating and a price target of $9 a share.

Citigroup comments, "AQ is a leading brand eCommerce technology implementation firm that operates three primary businesses: 1) eCommerce technology & hosting services (60% of revenue); 2) Digital Ad Agency (30%); and 3) Strategic consulting (10%). AQ has built a solid business around serving Fortune 1,000 customers, and the company has a proven record of generating 40% top-line growth and solid EBITDA profitability. We expect AQ to continue to grow revenue & EBITDA in the 40%+ range in ‘12 and ‘13."

AQ closed at $6.87 on Thursday.

Latest Ratings for AQ

DateFirmActionFromTo
Feb 2019DowngradesOverweightEqual-Weight
Feb 2019DowngradesOverweightEqual-Weight
Feb 2019DowngradesOutperformMarket Perform

View More Analyst Ratings for AQ
View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Price Target Initiation Pre-Market Outlook Analyst Ratings

 

Related Articles (AQ)

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

UPDATE: Citigroup Reduces PT to $49 on Teva Pharmaceuticals on Lower Estimates

UPDATE: Citigroup Cuts PT to $55 on PAY; FX Challenges