Market Overview

UPDATE: Bank of America Initiates Coverage on Liquidity Services with Buy Rating, $55 PT

Related LQDT
18 Stocks Moving In Wednesday's Pre-Market Session
A Mid-Year Review Of Baird's Favorite Internet Stocks

In a report published Friday, Bank of America Merrill Lynch initiated coverage on Liquidity Services (NASDAQ: LQDT) with a Buy rating and a $55.00 price target.

BofA Merrill Lynch noted, “There are many qualities we like about Liquidity Services such as: having a strong network effect, disrupting a large fragmented market, excellent management and the ability to scale. Key risks include: high seller concentration (DoD is 50%+ of rev), increasing competition, economic downturns neg. impacting business, lack of mobile offerings and limited but growing int'l presence. Liquidity Services has been profitable and cash flow positive every year since 2003. Liquidity Services touts a growing seller/buyer base including 50+ Fortune 500 corporations, 4,500+ federal, state and local government agencies and over 1.7mn registered buyers.”

Liquidity Services closed on Thursday at $41.16.

Latest Ratings for LQDT

Nov 2015BenchmarkMaintainsHold
Dec 2014Bank of AmericaMaintainsUnderperform
Nov 2014BenchmarkMaintainsHold

View More Analyst Ratings for LQDT
View the Latest Analyst Ratings

Posted-In: Bank of America Merrill LynchAnalyst Color Initiation Analyst Ratings


Related Articles (LQDT)

View Comments and Join the Discussion!

Partner Center