Following Analyst Day, Oppenheimer Maintains Outperform on Liquidity Services (LQDT)

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Following Tuesday's analyst day, Oppenheimer maintained an Outperform rating on Liquidity Services (NASDAQ: LQDT) with a price target of $55.00.

"Mgmt expects 20% annual GMV growth through F16, driven by secular trends (shift to eCommerce and short product cycles), up-selling and cross-selling to existing clients (only 10% penetrated among typical large clients), integration of new services (electronic refurbishment and data management system), and small acquisitions," wrote analyst Jason Helfstein, who attended the event.

He thinks the stock is likely to remain volatile as some areas of business trend below guidance, but he remains bullish LQDT's long term prospects.

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

Shares of Liquidity Services closed at $37.84 yesterday, with a 52 week range of $31.00-$66.57.

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