Needham & Company Maintains a 'Buy' on Constant Contact (CTCT); Customer Workshop Takeaways Ahead of Social Campaigns Launch
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Price: $32.01 --0%
Rating Summary:
2 Buy, 13 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
2 Buy, 13 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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Needham & Company maintains a 'Buy' on Constant Contact (NASDAQ: CTCT) price target of $29.00.
Needham analyst said, "We had the opportunity to attend a CTCT-hosted customer workshop focused on engagement and Facebook marketing ahead of the CTCT’s upcoming product launch. The workshop was well attended (40 plus attendees) with a mix of non-profits and small owner operated businesses...We’re surprised that there wasn’t more self-serving promotion of the product during the working, but nevertheless we continue to
believe that the upcoming Social Campaigns product (invite only launch over the next couple weeks, public launch in 1Q12) could be just what the doctor ordered for gross adds, netadds, COA, and growth rates, which ultimately could help clear the pronounced negativity in CTCT shares."
"We still expect CTCT to launch the Social Campaigns product invite-only over next week or two, which could help better showcase the need and credibility of the product cycle ahead of the public launch in January."
For an analyst ratings summary and ratings history on Constant Contact click here. For more ratings news on Constant Contact click here.
Shares of Constant Contact closed at $23.02 yesterday.
Needham analyst said, "We had the opportunity to attend a CTCT-hosted customer workshop focused on engagement and Facebook marketing ahead of the CTCT’s upcoming product launch. The workshop was well attended (40 plus attendees) with a mix of non-profits and small owner operated businesses...We’re surprised that there wasn’t more self-serving promotion of the product during the working, but nevertheless we continue to
believe that the upcoming Social Campaigns product (invite only launch over the next couple weeks, public launch in 1Q12) could be just what the doctor ordered for gross adds, netadds, COA, and growth rates, which ultimately could help clear the pronounced negativity in CTCT shares."
"We still expect CTCT to launch the Social Campaigns product invite-only over next week or two, which could help better showcase the need and credibility of the product cycle ahead of the public launch in January."
For an analyst ratings summary and ratings history on Constant Contact click here. For more ratings news on Constant Contact click here.
Shares of Constant Contact closed at $23.02 yesterday.
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