Trulia (TRLA) Q1 'Impressive', Says Deutsche Bank

May 1, 2013 9:17 AM EDT
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Price: $48.36 --0%

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Deutsche Bank today maintained a Buy rating on Trulia (NYSE: TRLA) with a price target of $39.00. Analyst Lloyd Walmsley called Trulia's Q1 "impressive."

"Trulia reported strong 1Q results across the board, beating on revenue across both segments, net sub ads, ARPU and mobile adoption . . . We believe the mid quarter addition of new inventory at above average prices - across desktop and mobile - ads another lever that will give investors increasing comfort in the near and long-term opportunity for Trulia," said Walmsley.

For an analyst ratings summary and ratings history on Trulia (NYSE: TRLA) click here. For more ratings news on Trulia click here.

Shares of Trulia closed at $29.06 yesterday.

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