Canaccord Genuity Maintains a 'Buy' on Velti (VELT); Updating Model to Reflect Recent Financing
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Price: $0.06 --0%
Rating Summary:
3 Buy, 7 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
3 Buy, 7 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity maintains a 'Buy' on Velti (NASDAQ: VELT), PT lowered by $1 to $23.50.
Canaccord analyst, Jeff, Rath, said, "We maintain our BUY and are lowering our target to $23.50 due to a higher share count after VELT’s recent equity financing. We continue to believe that Velti is well positioned to take advantage of the significant move in marketing budgets from non-measurable to measurable activities and see upside from the recent CASEE acquisition."
For more ratings news on Velti click here and for the rating history of Velti click here.
Shares of Velti closed at $19.51 yesterday.
Canaccord analyst, Jeff, Rath, said, "We maintain our BUY and are lowering our target to $23.50 due to a higher share count after VELT’s recent equity financing. We continue to believe that Velti is well positioned to take advantage of the significant move in marketing budgets from non-measurable to measurable activities and see upside from the recent CASEE acquisition."
For more ratings news on Velti click here and for the rating history of Velti click here.
Shares of Velti closed at $19.51 yesterday.
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