Canaccord Genuity Maintains a 'Buy' on RealNetworks (RNWK); Positive Risk/Reward Remains
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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
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Canaccord Genuity maintains a 'Buy' on RealNetworks (NASDAQ: RNWK) price target of $15.00.
Analyst, Jeff Rath, said, "We maintain our rating and target following RNWK’s Q4/11 results. Our thesis of a positive risk/reward and attractive relative valuation remains intact despite uncertainty in the financial model...Our $15 target reflects cash on hand ($10.50/share) plus our assumption for RNWK’s share of Rhapsody."
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 $10.68 yesterday.
Analyst, Jeff Rath, said, "We maintain our rating and target following RNWK’s Q4/11 results. Our thesis of a positive risk/reward and attractive relative valuation remains intact despite uncertainty in the financial model...Our $15 target reflects cash on hand ($10.50/share) plus our assumption for RNWK’s share of Rhapsody."
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 $10.68 yesterday.
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