UPDATE: Deutsche Bank Initiates Coverage on Marin Software with Buy Rating, $20 PT on Leadership Platform

In a report published Tuesday, Deutsche Bank analyst Tom Ernst Jr. initiated coverage on Marin Software MRIN with a Buy rating and $20.00 price target. In the report, Ernst noted, “Marin provides a Revenue Acquisition Management (RAM) platform that enables advertisers and agencies to improve financial performance, realize efficiencies and time savings, and make better business decisions. Marin's platform is delivered through disciplined, multi-tenant SaaS and provides analytics, workflow, and optimization solutions for marketing professionals, allowing them to effectively manage their digital advertising spend across search, display, social and mobile channels. With a large, expanding and underpenetrated addressable market, secular tailwinds, conservative estimates and numerous growth catalysts we initiate with Buy rating and $20PT.” Marin Software closed on Monday at $14.73.