Canaccord Genuity Reiterates a 'Buy' on Constant Contact (CTCT); Introducing 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: 12 | Down: 15 | New: 40
Rating Summary:
2 Buy, 13 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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Canaccord Genuity reiterates a 'Buy' on Constant Contact (NASDAQ: CTCT) price target raised $5 to $35.
Analyst, Richard Davis, said, "This morning Constant Contact introduced SaveLocal, a product that will add a friendlier daily deal vendor to the growing market. We believe the product provides three potentially disruptive attributes: 1) attractive tiered pricing starting as low as $1 per deal, 2) merchant access to the buyer’s contact information and 3) deal sharing incentives to help garner new customers. SaveLocal will put the
control of deal structuring back into the hands of the business owner, which is critical for SMB customers who cannot afford to run unprofitable promotions. We think this is a very compelling addition to CTCT’s marketing suite. In our opinion, investor excitement around early traction for new product initiatives and international growth efforts, measured against guidance that is set at “base levels,” will continue to drive CTCT shares higher."
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, Richard Davis, said, "This morning Constant Contact introduced SaveLocal, a product that will add a friendlier daily deal vendor to the growing market. We believe the product provides three potentially disruptive attributes: 1) attractive tiered pricing starting as low as $1 per deal, 2) merchant access to the buyer’s contact information and 3) deal sharing incentives to help garner new customers. SaveLocal will put the
control of deal structuring back into the hands of the business owner, which is critical for SMB customers who cannot afford to run unprofitable promotions. We think this is a very compelling addition to CTCT’s marketing suite. In our opinion, investor excitement around early traction for new product initiatives and international growth efforts, measured against guidance that is set at “base levels,” will continue to drive CTCT shares higher."
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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