Canaccord Genuity Maintains a 'Buy' on Velti (VELT) Ahead of Q1 Report

May 14, 2012 9:25 AM EDT Send to a Friend
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Price: $0.06 --0%

Rating Summary:
    3 Buy, 7 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 29 | Down: 45 | New: 4
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Canaccord Genuity maintains a 'Buy' on Velti (NASDAQ: VELT) price target of $21.00.

Analyst, Jeff Rath, said, "We continue to believe that Velti remains well positioned in a strong macro and that company-specific issues are being addressed effectively...We believe that Velti has excellent visibility and a strong track record for managing investor expectations...We believe Velti remains well positioned in a very strong macro."

For an analyst ratings summary and ratings history on Velti click here. For more ratings news on Velti click here.

Shares of Velti closed at $9.10 yesterday.


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