Benchmark Raises Price Target on Marchex (MCHX), Strong Short-Term But Not Long-Term

Benchmark is reaffirming its Hold rating on shares of Marchex (NASDAQ: MCHX) and is raising its price target from $6 to $9.

With scale and quality being the two biggest determinations in digital advertising, the company looks strong with its "reseller and agency relationships" and its "inherent quality" of call leads, reports the firm.

Over the long-term, shares of MCHX are not that promising due to its intermediary position.

For 2011 and 2012, Benchmark estimates EPS of $0.30 and $0.35.

For more ratings news on Marchex click here and for the rating history of Marchex click here.

Shares of Marchex closed at $9.13 yesterday.

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