UPDATE - Barclays Initiates Coverage on Millennial Media (MM) at Equalweight; A Leader, But Fairly Valued
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Price: $7.27 -2.28%
Rating Summary:
7 Buy, 5 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 15 | New: 13
Rating Summary:
7 Buy, 5 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 15 | New: 13
Trade MM Now!
UPDATE - Barclays initiates coverage on Millennial Media (NYSE: MM) with an Equalweight. PT $17.00.
Analyst, Mark May, said, "We are bullish on the mobile ad sector given robust multi-year end-market drivers and on Millennial Media's (MM) growth outlook, and are comfortable with its ability to reach attractive profitability. However, we are initiating with a 2-Equal Weight rating as we see the valuation as already reflecting our bullish view."
May is excited over the 40% growth (year-over-year, worldwide) in smartphones, and apps and advertising continue to expand with this growth, and sees MM continuing to maintain a leadership position in the field. However, shares are fairly valued at current level.
Current market cap is $1.18 billion with annual sales of approx. $103 million with profit margin and operating margin at -0.28%/-0.59%, respectively.
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Analyst, Mark May, said, "We are bullish on the mobile ad sector given robust multi-year end-market drivers and on Millennial Media's (MM) growth outlook, and are comfortable with its ability to reach attractive profitability. However, we are initiating with a 2-Equal Weight rating as we see the valuation as already reflecting our bullish view."
May is excited over the 40% growth (year-over-year, worldwide) in smartphones, and apps and advertising continue to expand with this growth, and sees MM continuing to maintain a leadership position in the field. However, shares are fairly valued at current level.
Current market cap is $1.18 billion with annual sales of approx. $103 million with profit margin and operating margin at -0.28%/-0.59%, respectively.
To see more ratings on MM, Click Here
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