Needham Initiates Rentrak At Buy

Analysts at Needham initiated coverage on Rentrak

with a Buy rating. The target price for Rentrak is set to $64. Rentrak shares have jumped 89.67% over the past 52 weeks, while the S&P 500 index has surged 20.10% in the same period. Rentrak's shares fell 2.42% to close at $48.29 yesterday.