UPDATE: Barrington Research Initiates ExactTarget at Outperform

Barrington Research initiated coverage on ExactTarget ET with an Outperform rating and a $30 price target. Barrington Research noted, "ExactTarget's digital marketing suite is differentiated by its advanced functionality and ability to address the needs of all-sized customers. Also, we expect the company to continue posting 20%-plus organic revenue growth, while improving profitability. As a result, we think that its stock should trade more in line with the fast-growth B2B SaaS group. Furthermore, it is an attractive takeout candidate." ExactTarget closed at $23.71 on Thursday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorPrice TargetInitiationIntraday UpdateAnalyst RatingsBarrington Research
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!