In a report published Wednesday, Cantor Fitzgerald reiterated its Buy rating and $22.00 price target on ValueClick VCLK.
Cantor Fitzgerald noted, “ValueClick recently divested Search123, its European paid-search business, and pre-viewed 3Q results, with management now expecting 3Q:12 revenue and EBITDA to be near the high end of previously-issued guidance. As a result, we're raising our 3Q:12 estimates to reflect the better-than-expected quarter, while reiterating our BUY rating and $22 target, given the still compelling valuation.
ValueClick closed on Tuesday at $17.38.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in