Needham & Company Reiterates a 'Buy' on ValueClick (VCLK); Hitting Stride in 2012
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Price: $21.00 --0%
Rating Summary:
4 Buy, 10 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
4 Buy, 10 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Needham & Company reiterates a 'Buy' on ValueClick, Inc (NASDAQ: VCLK) price target raised from $21 to $23.
Analyst, Kerry Rice, said, "We are bullish on ValueClickâs 2012 growth opportunities. First, we believe ValueClick should continue to benefit from the secular shift of advertising dollars on-line and towards performance advertising. Second, we expect contributions from retargeting, mobile, and video to meet or exceed expectations. Third, new hires and cross-selling opportunities should begin contributing materially in 2H12. Finally, we expect margin expansion with the decline in paid traffic, contribution from Dotomi, and re-acceleration of Affiliate Marketing."
Needham raises FY12 EPS estimate from $1.15 to $1.20 and revs from $710.2 mln to $714 mln.
For an analyst ratings summary and ratings history on ValueClick, Inc click here. For more ratings news on ValueClick, Inc click here.
Shares of ValueClick, Inc closed at $18.59 yesterday.
Analyst, Kerry Rice, said, "We are bullish on ValueClickâs 2012 growth opportunities. First, we believe ValueClick should continue to benefit from the secular shift of advertising dollars on-line and towards performance advertising. Second, we expect contributions from retargeting, mobile, and video to meet or exceed expectations. Third, new hires and cross-selling opportunities should begin contributing materially in 2H12. Finally, we expect margin expansion with the decline in paid traffic, contribution from Dotomi, and re-acceleration of Affiliate Marketing."
Needham raises FY12 EPS estimate from $1.15 to $1.20 and revs from $710.2 mln to $714 mln.
For an analyst ratings summary and ratings history on ValueClick, Inc click here. For more ratings news on ValueClick, Inc click here.
Shares of ValueClick, Inc closed at $18.59 yesterday.
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