Canaccord Genuity Maintains a 'Buy' on Velti (VELT); DSO Improvement Highlights the Quarter
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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) price target lowered from $23.50 to $21.00.
Canaccord analyst, Jeff Rath, said, "We maintain our BUY, but are lowering our target to $21 after VELT’s Q2/11 results. We continue to believe that Velti is well positioned to take advantage of the significant move in marketing budgets to mobile."
For more ratings news on Velti click here and for the rating history of Velti click here.
Shares of Velti closed at $10.00 yesterday.
Canaccord analyst, Jeff Rath, said, "We maintain our BUY, but are lowering our target to $21 after VELT’s Q2/11 results. We continue to believe that Velti is well positioned to take advantage of the significant move in marketing budgets to mobile."
For more ratings news on Velti click here and for the rating history of Velti click here.
Shares of Velti closed at $10.00 yesterday.
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