Market Overview

UPDATE: Piper Jaffray Initiates Coverage on YuMe on Best Market Offering Position

Share:

In a report published Tuesday, Piper Jaffray analyst Gene Munster initiated coverage on YuMe (NYSE: YUME) with an Overweight rating and $13.00 price target.

In the report, Piper Jaffray noted, “We initiate Overweight on shares of YUME with a $13 target. We believe that YuMe is the best publicly traded pure-play online video platform, yet shares currently trade at a discount to its most direct peer in the market, despite higher projected growth rates. Over time, we believe YuMe will benefit from the shift of the $200 billion global TV ad market to online video and also believe the company has a strategy to directly drive the shift.”

YuMe closed on Friday at $8.48.

Latest Ratings for YUME

DateFirmActionFromTo
Nov 2016Boenning & ScattergoodDowngradesNeutralUnderperform
Aug 2016CitigroupMaintainsNeutral
Aug 2016BarclaysMaintainsUnderweight

View More Analyst Ratings for YUME
View the Latest Analyst Ratings

 

Related Articles (YUME)

View Comments and Join the Discussion!

Posted-In: Gene Munster Piper JaffrayAnalyst Color Initiation Analyst Ratings

Latest Ratings

StockFirmActionPT
TSLAJP MorganMaintains125.0
INTCTruist SecuritiesMaintains64.0
FBTruist SecuritiesMaintains320.0
GSCitigroupMaintains370.0
AAPLCowen & Co.Maintains153.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com