Market Overview

UPDATE: Deutsche Bank Initiates Liquidity Services at Buy on Competitive Edge

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

Deutsche Bank initiated coverage on Liquidity Services (NASDAQ: LQDT) with a Buy rating and a $63 price target.

Deutsche Bank noted, "Liquidity Services should have several years of 15%+ organic GMV growth ahead as it takes market share from the highly fragmented and less efficient offline asset liquidation space. The company operates a very efficient two-side marketplace whereby suppliers can liquidate their assets at premium yield, and buyers can find consistent flow of the broadest selection of liquidated products at low prices. On top of the organic growth, we expect the company to continue its strong track record of making accretive acquisitions. We expect EBITDA to grow faster than GMV long term (although not in 2013) as the company continues to optimize its technology and logistics infrastructure."

Liquidity Services closed at $54.49 on Thursday.

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: Deutsche BankAnalyst Color Initiation Pre-Market Outlook Analyst Ratings


Related Articles (LQDT)

View Comments and Join the Discussion!

Partner Center