Benchmark Raises Price Target on ValueClick (VCLK), Remains Cautious on Recent Acquisition
Tweet
Share
E-mailGet Alerts VCLK Hot Sheet
Price: $21.00 --0%
Rating Summary:
4 Buy, 10 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
4 Buy, 10 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Benchmark is maintaining its Hold rating on shares of ValueClick, Inc (NASDAQ: VCLK) following the release of its Q4 results, but is raising its price target from $18 to $20.
The company reported strong Q4 results with both earnings and sales topping the Street's expectations. The upside was largely driven by a 20 percent increase in domestic display.
ValueClick has solid operating momentum, a strong balance sheet and a reasonable valuation. We view it as a way to invest in cyclical ad recovery, the secular shift to digital advertising and the online trend towards cheaper display advertising," reports an analyst at Benchmark. "The risk/reward appears slightly favorable, but not compelling. The potential for risk related to recent acquisitions looms, given a mixed acquisition history."
The company's first quarter guidance was solid as it calls for $158 million in revenues and $47 million for EBITDA. For fiscal 2012, the firm forecasts EPS of $1.51 and EBITDA of $219 million.
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.
The company reported strong Q4 results with both earnings and sales topping the Street's expectations. The upside was largely driven by a 20 percent increase in domestic display.
ValueClick has solid operating momentum, a strong balance sheet and a reasonable valuation. We view it as a way to invest in cyclical ad recovery, the secular shift to digital advertising and the online trend towards cheaper display advertising," reports an analyst at Benchmark. "The risk/reward appears slightly favorable, but not compelling. The potential for risk related to recent acquisitions looms, given a mixed acquisition history."
The company's first quarter guidance was solid as it calls for $158 million in revenues and $47 million for EBITDA. For fiscal 2012, the firm forecasts EPS of $1.51 and EBITDA of $219 million.
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
- UBS says bull market has further to run
- Advance Auto Parts (AAP) PT Lowered to $43 at Truist Securities
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View, Analyst PT ChangeRelated Entities
EarningsSign 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!
