Lake Street Capital Markets Starts ValueClick, Inc (VCLK) at Buy

March 18, 2013 9:06 AM EDT
Get Alerts VCLK Hot Sheet
Price: $21.00 --0%

Rating Summary:
    6 Buy, 10 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 23 | New: 12
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Lake Street Capital Markets initiated coverage on ValueClick, Inc (NASDAQ: VCLK) with a Buy rating and $40 price target. Analyst Eric Martinuzzi said despite the recent stock rise it is still one of the best bargains in Internet services.

The analyst notes that while e-commerce in the U.S. grew 12.6% over the past two years, ValueClick has grown faster at 19.9%.

"While shares of ValueClick have seen a nice rise recently, we believe investors still
underappreciate the uniqueness of the company's affiliate marketing and ad retargeting assets," analyst Martinuzzi said. "Just as ValueClick's Commission Junction (CJ) has become the gold standard for affiliate marketing, we believe ValueClick's Dotomi is earning the same reputation for dynamic ad personalization."

For an analyst ratings summary and ratings history on ValueClick, Inc click here. For more ratings news on ValueClick, Inc click here.

Shares of ValueClick, Inc closed at $27.75 yesterday.

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