Baird Maintains a 'Neutral' on ValueClick (VCLK); Solid Display in Q2, Still Cautious on Q3
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Price: $26.40 -0.26%
Rating Summary:
8 Buy, 9 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 16 | New: 13
Rating Summary:
8 Buy, 9 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 16 | New: 13
Trade VCLK Now!
Baird maintains a 'Neutral' on ValueClick, Inc (NASDAQ: VCLK) price target of $20.00.
Analyst, Colin Sebastian, said, "While a recent downgrade and share price declines were pricing in a Q2 miss, ValueClick announced that Q2 results are at the high end of the guidance ranges for revenues and EBITDA. While we remain more constructive on shares at current levels, as our thesis has largely played out, we still believe there is risk to our Q3 and consensus revenue targets, and maintain a Neutral rating."
For an analyst ratings summary and ratings history on ValueClick, Inc click here. For more ratings news on ValueClick, Inc click here.
Shares of ValueClick, Inc closed at $14.10 yesterday, with a 52 week range of $13.35-$21.86.
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Analyst, Colin Sebastian, said, "While a recent downgrade and share price declines were pricing in a Q2 miss, ValueClick announced that Q2 results are at the high end of the guidance ranges for revenues and EBITDA. While we remain more constructive on shares at current levels, as our thesis has largely played out, we still believe there is risk to our Q3 and consensus revenue targets, and maintain a Neutral rating."
For an analyst ratings summary and ratings history on ValueClick, Inc click here. For more ratings news on ValueClick, Inc click here.
Shares of ValueClick, Inc closed at $14.10 yesterday, with a 52 week range of $13.35-$21.86.
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