Wedbush Reiterates an 'Outperform' on CyberSource (CYBS); A Lot of Holiday e-Commerce Data, One Positive Outcome
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Wedbush reiterates an Outperform on CyberSource (Nasdaq: CYBS), price target $21.
Wedbush analyst says, "We believe CyberSource can return to 20%+ top line growth upon economic recovery and expect a step in that direction as Q4 revenue growth begins to accelerate. We believe the flurry of data around e-commerce over the next few weeks will indicate this acceleration of growth. Regardless of what these data points indicate, we believe CyberSource will achieve our above-consensus estimate...Any retail recovery would drive top line acceleration...Acquiring should return to growth as lower ticket size anniversaried...comScore forecast of 2%+ growth would be positive...Anecdotal evidence aside, shares have not been any riskier during past holiday periods. Peer group is exclusive group of US-based technology companies with >$1billion market cap >15% organic growth."
To see all the upgrades/downgrades on shares of CYBS, visit our Analyst Ratings page.
CyberSource Corporation provides electronic payment and risk management solutions to enterprise and small business merchants primarily in the United States and Europe.Related Categories
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