Goldman Sachs Starts ChannelAdvisor (ECOM) at Buy
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Price: $23.09 --0%
Rating Summary:
1 Buy, 11 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
1 Buy, 11 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Goldman Sachs initiated coverage on ChannelAdvisor (NYSE: ECOM) with a Buy rating and a price target of $20.00. Analyst Greg Dunham sees upside as the company benefits from "online shift."
"ChannelAdvisor is showing accelerating growth as it helps companies optimize their revenue strategies across an increasingly diverse set of e-commerce channels (eBay, Amazon, Google, etc.). The business benefits from network effects, as scale and channel fragmentation increase ChannelAdvisor's value proposition to both publishers and customers. With roughly $3.5 bn of GMV under management and over 100mn SKUs, ChannelAdvisor has solidified critical mass and a leading market position," said Dunham.
For an analyst ratings summary and ratings history on ChannelAdvisor click here. For more ratings news on ChannelAdvisor click here.
Shares of ChannelAdvisor closed at $15.45 yesterday.
"ChannelAdvisor is showing accelerating growth as it helps companies optimize their revenue strategies across an increasingly diverse set of e-commerce channels (eBay, Amazon, Google, etc.). The business benefits from network effects, as scale and channel fragmentation increase ChannelAdvisor's value proposition to both publishers and customers. With roughly $3.5 bn of GMV under management and over 100mn SKUs, ChannelAdvisor has solidified critical mass and a leading market position," said Dunham.
For an analyst ratings summary and ratings history on ChannelAdvisor click here. For more ratings news on ChannelAdvisor click here.
Shares of ChannelAdvisor closed at $15.45 yesterday.
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