Canaccord Genuity Maintains a 'Buy' on Velti (VELT); Addressing Primary Investor Concerns
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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 $21.00 to $18.00.
Canaccord analyst says, "We maintain our rating and have lowered our target to $18 following extensive buy-side meetings, ongoing industry research and Velti’s first Capital Markets Day. Velti remains well positioned in a very strong macro, in our opinion, and we believe that the concerns highlighted in this note have contributed to an oversold stock, creating a very attractive entry point to build positions."
For more ratings news on Velti click here and for the rating history of Velti click here.
Shares of Velti closed at $7.35 yesterday.
Canaccord analyst says, "We maintain our rating and have lowered our target to $18 following extensive buy-side meetings, ongoing industry research and Velti’s first Capital Markets Day. Velti remains well positioned in a very strong macro, in our opinion, and we believe that the concerns highlighted in this note have contributed to an oversold stock, creating a very attractive entry point to build positions."
For more ratings news on Velti click here and for the rating history of Velti click here.
Shares of Velti closed at $7.35 yesterday.
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