Wedbush Reiterates an 'Outperform' on GSI Commerce (GSIC)
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Wedbush reiterates an Outperform rating on GSI Commerce (Nasdaq: GSIC), price target $25.
Wedbush analyst says, "Organic growth of 10-15% could prove FY10 revenue expectations conservative. Cost synergies related to the Retail Convergence acquisition, which have not been factored into FY10 expectations, should boost profitability...Blue-chip customer base continues to grow and outperform...International revenue should become a material contributor in FY10...Raising our FY10 estimate to reflect strength in ecommerce and Interactive Marketing, and acquisition cost synergies."
To see more analyst ratings on GSIC Click Here.
Wedbush analyst says, "Organic growth of 10-15% could prove FY10 revenue expectations conservative. Cost synergies related to the Retail Convergence acquisition, which have not been factored into FY10 expectations, should boost profitability...Blue-chip customer base continues to grow and outperform...International revenue should become a material contributor in FY10...Raising our FY10 estimate to reflect strength in ecommerce and Interactive Marketing, and acquisition cost synergies."
To see more analyst ratings on GSIC Click Here.
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