WebMD Health (WBMD): Unique Visitors Metric Slows but Ad Clients Are Sticky - Mizuho

August 9, 2016 6:40 AM EDT
Get Alerts WBMD Hot Sheet
Price: $50.43 -0.38%

Rating Summary:
    7 Buy, 8 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 22 | Down: 32 | New: 34
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Mizuho Securities analyst, Neil Doshi, reiterated his Buy rating on shares of WebMD Health Corp. (NASDAQ: WBMD) after the company reported a solid 2Q, with strength coming from all key segments. The biggest concern was the YoY decline in unique visitors, but it was expected given the Google trends over the past several quarters. More importantly, WBMD grew its ad revenue by 13%, and has a sticky Pharma advertiser base that should continue to drive growth.

No change to the.price target of $68.00.

For an analyst ratings summary and ratings history on WebMD Health Corp. click here. For more ratings news on WebMD Health Corp. click here.

Shares of WebMD Health Corp. closed at $59.44 yesterday.

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