Canaccord Genuity Maintains a 'Speculative Buy' on RealNetworks (RNWK); Updating Model and Target Price
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Price: $0.73 --0%
Rating Summary:
2 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
2 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Canaccord Genuity maintains a 'Speculative Buy' on RealNetworks (NASDAQ: RNWK) price target raised from $5 to $15.
Canaccord analyst, Jeff Rath, says, "We maintain our rating and have adjusted our target price to $15 as a result of the company’s recent 1-for-4 reverse split. We continue to believe that the focus at RNWK is on a return to growth and our thesis of positive risk/reward remains intact...We believe that Rhapsody is undervalued in light of a pending sale, industry trends and recent IPOs in the space."
For more ratings news on RealNetworks click here and for the rating history of RealNetworks click here.
Shares of RealNetworks closed at $2.20 yesterday.
Canaccord analyst, Jeff Rath, says, "We maintain our rating and have adjusted our target price to $15 as a result of the company’s recent 1-for-4 reverse split. We continue to believe that the focus at RNWK is on a return to growth and our thesis of positive risk/reward remains intact...We believe that Rhapsody is undervalued in light of a pending sale, industry trends and recent IPOs in the space."
For more ratings news on RealNetworks click here and for the rating history of RealNetworks click here.
Shares of RealNetworks closed at $2.20 yesterday.
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