Canaccord Genuity maintains a 'Speculative Buy' on RealNetworks (RNWK); Value Thesis Remains, but L-T Business Strategy Yet to be Determined
Tweet
Share
E-mailGet Alerts RNWK Hot Sheet
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
Join SI Premium – FREE
Canaccord Genuity maintains a 'Speculative Buy' on RealNetworks (NASDAQ: RNWK) price target of $15.00.
Canaccord analyst, Jeff Rath, said, "We hosted lunch with RNWK management, giving us our first opportunity to meet Thomas Nielsen since he was hired in November...2012 will be a reboot year as management conducts its own strategic review of the entire business...We believe that significant unrealized value remains across the company's assets...Our thesis of a positive risk/reward and attractive relative valuation remains intact."
For an analyst ratings summary and ratings history on RealNetworks click here. For more ratings news on RealNetworks click here.
Shares of RealNetworks closed at $7.28 yesterday.
Canaccord analyst, Jeff Rath, said, "We hosted lunch with RNWK management, giving us our first opportunity to meet Thomas Nielsen since he was hired in November...2012 will be a reboot year as management conducts its own strategic review of the entire business...We believe that significant unrealized value remains across the company's assets...Our thesis of a positive risk/reward and attractive relative valuation remains intact."
For an analyst ratings summary and ratings history on RealNetworks click here. For more ratings news on RealNetworks click here.
Shares of RealNetworks closed at $7.28 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fiserv (FISV) PT Lowered to $60 at Freedom Broker
- Freedom Broker Upgrades Serve Robotics (SERV) to Buy
- KinderCare Learning Companies (KLC) PT Lowered to $4.50 at UBS
Create E-mail Alert Related Categories
Analyst CommentsSign 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!
