Canaccord Genuity Maintains a 'Buy' on Velti (VELT); Expecting Solid Q4 Results
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Price: $0.06 --0%
Rating Summary:
3 Buy, 7 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
3 Buy, 7 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity maintains a 'Buy' on Velti (NASDAQ: VELT) price target of $18.00.
Analyst, Jeff Rath, said, "We maintain our rating and target ahead of VELT’s Q4/11 results. Velti remains well positioned in a very strong macro, in our opinion, and we believe that both macro-economic and company-specific concerns have contributed to an oversold stock, creating a very attractive entry point to build positions...We are expecting solid Q4/11 results driven by strong seasonality trends around holiday advertising/campaigns."
For an analyst ratings summary and ratings history on Velti click here. For more ratings news on Velti click here.
Shares of Velti closed at $9.62 yesterday.
Analyst, Jeff Rath, said, "We maintain our rating and target ahead of VELT’s Q4/11 results. Velti remains well positioned in a very strong macro, in our opinion, and we believe that both macro-economic and company-specific concerns have contributed to an oversold stock, creating a very attractive entry point to build positions...We are expecting solid Q4/11 results driven by strong seasonality trends around holiday advertising/campaigns."
For an analyst ratings summary and ratings history on Velti click here. For more ratings news on Velti click here.
Shares of Velti closed at $9.62 yesterday.
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