Market Overview

Brean Capital Sees Rentrak as Poised to Generate Accelerating Growth


In a report published Thursday, Brean Capital analyst Todd Mitchell reiterated a Buy rating and $74.00 price target on Rentrak (NASDAQ: RENT).

In the report, Brean Capital noted, “We accompanied Rentrak to meet with investors yesterday. In these meetings, management articulated a vision for accelerating growth driven by; 1) an acceleration in TV Essentials growth, 2) an emerging opportunity to measure on demand and OTT content, and 3) the divestiture of its declining legacy Home Entertainment business.

"With Rentrak's AIM segment business hitting the inflection point of profitability, we believe this should translate to strong revenue and earnings growth going forward. Shares of RENT have significantly outperformed the market over the past year as the company has moved beyond proof of concept to execution.

"We see the potential for even further outperformance as execution translates to earnings growth and believe this view is reinforced by the announcement yesterday of recent open market purchases of the company's stock by both the company's CEO and Chairman. As a result, we reiterate our Buy rating and $74 price target on shares of RENT.”

Rentrak closed on Wednesday at $61.87.

Latest Ratings for RENT

Dec 2015Avondale PartnersTerminates
Sep 2015Albert FriedUpgradesMarket Perform
Sep 2015NeedhamDowngradesStrong BuyBuy

View More Analyst Ratings for RENT
View the Latest Analyst Ratings


Related Articles (RENT)

View Comments and Join the Discussion!

Posted-In: Brean Capital Todd MitchellAnalyst Color Reiteration Analyst Ratings

Latest Ratings

DEBMO CapitalMaintains400.0
PRITruist SecuritiesMaintains165.0
SHAKJP MorganMaintains70.0
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