Canaccord Adams Maintains a 'Buy' on WebMD Health Corp. (WBMD); Continued Momentum From Major Customer Wins
WBMD Hot Sheet
Rating Summary:2 Buy, 7 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 19 | Down: 16 | New: 82
Canaccord Adams maintains a 'Buy' on WebMD Health Corp. (Nasdaq: WBMD), raises PT from $38 to $44.
Canaccord analyst says, "WebMD reported another stellar quarter with Q4/09 revenue and EPS beating consensus and our estimates...WebMD continues to track well with CPG wins into 2010 from major customers such as WalMart (NYSE: WMT), Target (NYSE: TGT), and most recently, GE (NYSE: GE). We believe these partnerships will substantiate the company’s value proposition in aiding corporate sponsorship of health-related education and communications...Organic traffic continues to grow, with monthly unique visitors of 62.5M (up 16% YoY) and page views reaching 1.5B (up 17% YoY)...WebMD is benefiting from increased ad budgets from existing clients and new CPGS customers, and is still maintaining high forward visibility (6 to 12 month)."
To see all the upgrades/downgrades on shares of WBMD, visit our Analyst Ratings page.
WebMD Health Corp. (WebMD) is a provider of health information services to consumers, physicians and other healthcare professionals, employers and health plans through its public and private online portals, and health-focused publications.
Canaccord analyst says, "WebMD reported another stellar quarter with Q4/09 revenue and EPS beating consensus and our estimates...WebMD continues to track well with CPG wins into 2010 from major customers such as WalMart (NYSE: WMT), Target (NYSE: TGT), and most recently, GE (NYSE: GE). We believe these partnerships will substantiate the company’s value proposition in aiding corporate sponsorship of health-related education and communications...Organic traffic continues to grow, with monthly unique visitors of 62.5M (up 16% YoY) and page views reaching 1.5B (up 17% YoY)...WebMD is benefiting from increased ad budgets from existing clients and new CPGS customers, and is still maintaining high forward visibility (6 to 12 month)."
To see all the upgrades/downgrades on shares of WBMD, visit our Analyst Ratings page.
WebMD Health Corp. (WebMD) is a provider of health information services to consumers, physicians and other healthcare professionals, employers and health plans through its public and private online portals, and health-focused publications.
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