Baird Reiterates an 'Outperform' on Liquidity Services (LQDT); Solid Quarter Shaping Up Across the Board

Baird reiterates an 'Outperform' on Liquidity Services (NASDAQ: LQDT) price target of $43.00.

Analyst, Colin Sebastian, said, "Our analysis of Marketplace transactions in both Commercial and Government segments suggests likely upside to F2Q consensus estimates and guidance. Specifically, we see at least $10 million in upside to our GMV estimate of $172 million, and a couple of pennies in EPS. We believe LSI continues to benefit from higher returned inventory levels, as well as positive momentum in the reverse supply chain, and we reiterate our rating."

For an analyst ratings summary and ratings history on Liquidity Services click here. For more ratings news on Liquidity Services click here.

Shares of Liquidity Services closed at $43.42 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Fiserv (FISV) PT Lowered to $60 at Freedom Broker
• Powell Industries (POWL) PT Lowered to $235 at Cantor Fitzgerald
• Cantor Fitzgerald Reiterates Overweight Rating on Applied Materials (AMAT)