Needham & Company Says Buy Trulia (TRLA) on Weakness

February 25, 2013 7:50 AM EST Send to a Friend
Get Alerts TRLA Hot Sheet
Price: $49.24 -1.44%

Rating Summary:
    3 Buy, 8 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 18 | New: 41
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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.


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