Needham & Company Maintains a 'Buy' on Constant Contact (CTCT); Enthused By Surprise Launch of New Product - SaveLocal
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Price: $32.01 --0%
Rating Summary:
2 Buy, 13 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
2 Buy, 13 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Needham & Company maintains a 'Buy' on Constant Contact (NASDAQ: CTCT) price target raised from $33 to $39.
Analyst, Michael Huang, said, "We’re enthused that CTCT unexpectedly launched a new daily deals-type product – SaveLocal - this morning, which we believe just reinforces our view that key metrics are poised to reaccelerate this year after a couple tough years. So given the recent hype around Groupon and daily deals in general, we wouldn’t be surprised to see strong interest in SaveLocal out of the gate (both among existing and new customers). So given this launch right on the heels of the Social Campaigns launch less than a month ago, CTCT could be potentially be armed with 3 new products by end of year, which certainly bodes well for 2013 and beyond."
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 $31.31 yesterday.
Analyst, Michael Huang, said, "We’re enthused that CTCT unexpectedly launched a new daily deals-type product – SaveLocal - this morning, which we believe just reinforces our view that key metrics are poised to reaccelerate this year after a couple tough years. So given the recent hype around Groupon and daily deals in general, we wouldn’t be surprised to see strong interest in SaveLocal out of the gate (both among existing and new customers). So given this launch right on the heels of the Social Campaigns launch less than a month ago, CTCT could be potentially be armed with 3 new products by end of year, which certainly bodes well for 2013 and beyond."
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 $31.31 yesterday.
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