Needham & Company Says Buy Trulia (TRLA) on Weakness
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Price: $29.51 +0.82%
Rating Summary:
5 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 15 | New: 13
Rating Summary:
5 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 15 | New: 13
Trade TRLA Now!
Needham & Company reiterated its Buy rating and $32 price target on Trulia (NYSE: TRLA) saying the recent weakness presents a buying opportunity.
Analyst Kerry Rice comments, "Trulia stock has retreated to pre-4Q12 print levels in recent days, following a downgrade and an early share lock-up release. We view any weakness as a buying opportunity given our expectations that the seasonal 1Q13 strength could prove expectations conservative. We believe additional weakness could come around March 18th as the lock-up expires on the remaining shares."
For an analyst ratings summary and ratings history on Trulia click here. For more ratings news on Trulia click here.
Shares of Trulia closed at $25.56 yesterday, with a 52 week range of $14.69-$38.22.
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Analyst Kerry Rice comments, "Trulia stock has retreated to pre-4Q12 print levels in recent days, following a downgrade and an early share lock-up release. We view any weakness as a buying opportunity given our expectations that the seasonal 1Q13 strength could prove expectations conservative. We believe additional weakness could come around March 18th as the lock-up expires on the remaining shares."
For an analyst ratings summary and ratings history on Trulia click here. For more ratings news on Trulia click here.
Shares of Trulia closed at $25.56 yesterday, with a 52 week range of $14.69-$38.22.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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