Needham & Company Maintains a 'Buy' on Constant Contact (CTCT); iContact Takes First Page Out of the CTCT Social Playbook
Tweet
Share
E-mailGet Alerts CTCT Hot Sheet
Price: $32.01 --0%
Rating Summary:
2 Buy, 13 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
2 Buy, 13 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Needham & Company maintains a 'Buy' on Constant Contact (NASDAQ: CTCT) price target of $29.00.
Needham analyst says, "We had the opportunity to demo competitor iContact’s (N/R) Social Media marketing product, which launched yesterday and ahead of CTCT’s product launch (expected sometime before end of year). iContact’s investment in a Social product reflects the growing market need for integrated and unified social/email marketing solutions. We’re hearing from vendors and consultancies that businesses of all sizes are on the cusp of investing more aggressively in social marketing. While iContact offers a single platform to drive email/social marketing, we didn’t yet see strong integration of the email and social solutions in version 1.0; we also didn’t see many links to “how to” or “best practices” resources, which we hope would be included in the upcoming CTCT offering."
For more ratings news on Constant Contact click here and for the rating history of Constant Contact click here.
Shares of Constant Contact closed at $19.71 yesterday.
Needham analyst says, "We had the opportunity to demo competitor iContact’s (N/R) Social Media marketing product, which launched yesterday and ahead of CTCT’s product launch (expected sometime before end of year). iContact’s investment in a Social product reflects the growing market need for integrated and unified social/email marketing solutions. We’re hearing from vendors and consultancies that businesses of all sizes are on the cusp of investing more aggressively in social marketing. While iContact offers a single platform to drive email/social marketing, we didn’t yet see strong integration of the email and social solutions in version 1.0; we also didn’t see many links to “how to” or “best practices” resources, which we hope would be included in the upcoming CTCT offering."
For more ratings news on Constant Contact click here and for the rating history of Constant Contact click here.
Shares of Constant Contact closed at $19.71 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Coherent (COHR) PT Raised to $420 at Needham
- Wolverine World Wide (WWW) PT Raised to $24 at Needham
- Veritone (VERI) PT Lowered to $5 at Needham
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Needham & CompanySign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
