Needham & Company Maintains a 'Buy' on Constant Contact (CTCT); A Beta Customer’s Take on Upcoming Social Campaigns

Needham & Company maintains a 'Buy' on Constant Contact (NASDAQ: CTCT) price target of $29.00.

Needham analyst says, "We had the opportunity to catch up with a Social Campaigns beta customer and marketing specialist ahead of the important product launch likely over the next couple weeks...Takeaways were positive, reinforcing our view that the new Social Campaigns product could help reverse negative trends of key metrics (gross adds, netadds, COA) as soon as in Q1...Our sense is that any mild improvement to these key metrics could help mitigate investors’ overstated concerns with the viability of the business model, competitive positioning and market opportunity ahead."

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 $26.37 yesterday.

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