Canaccord Genuity Reiterates a 'Buy' on Constant Contact (CTCT); Making Bets on Social to Reaccelerate Growth

Canaccord Genuity reiterates a 'Buy' on Constant Contact (NASDAQ: CTCT) price target raised $2 to $30.

Analyst, Richard Davis, said, "Investors feared for worse and received modestly better with CTCT’s December quarter on both core business metrics as well as preliminary prospects for the firm’s Social CRM service. We expect CTCT shares to rally further as Wall Street extrapolates likely rapid early adopter growth from Social CRM."

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 $26.00 yesterday.

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