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UPDATE: Bank of America Reiterates Underperform Rating, Lowers PT on QuinStreet

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In a report published Wednesday, Bank of America reiterated its Underperform rating on QuinStreet (NASDAQ: QNST), but slightly lowered its price target from $7.00 to $6.00.

Bank of America noted, “QuinStreet is facing multiple headwinds such as tough business environment ranging from competition to regulation causing declining revenues and likely eventual declining margins. Regulatory pressures in the for-profit education and financial services industries will likely take a long time to shakeout and will not likely be in QuinStreet's best interest.”

QuinStreet closed on Tuesday at $5.99.

Latest Ratings for QNST

DateFirmActionFromTo
Sep 2020Barrington ResearchUpgradesMarket PerformOutperform
Oct 2018William BlairInitiates Coverage OnOutperform
Jun 2018Craig-HallumInitiates Coverage OnBuy

View More Analyst Ratings for QNST
View the Latest Analyst Ratings

 

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Posted-In: Bank of AmericaAnalyst Color Price Target Analyst Ratings

Latest Ratings

StockFirmActionPT
GIKColliers SecuritiesInitiates Coverage On14.0
SANWLake StreetInitiates Coverage On6.0
LILAMorgan StanleyDowngrades15.0
BEJP MorganUpgrades36.0
NEXACredit SuisseUpgrades11.0
View the Latest Analytics Ratings
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