Brean Murray Carret & Co. Maintains a 'Buy' on Augme Technologies (AUGT); Gathering Momentum Ahead of Key Ruling

Brean Murray Carret & Co. maintains a 'Buy' on Augme Technologies (OTCBB: AUGT) price target of $3.00.

Brean analyst said, "Augme is on track to launch its new ad server in late April/early May, which should enhance its position in the rapidly growing business of mobile advertising, and on Monday it received a Notice of Allowance from the PTO that it will receive its eighth patent. In the meantime, Augme awaits a key ruling in its lead patent infringement case again AOL/Dakota (NYSE: AOL). We believe a favorable ruling in this case could serve as a catalyst for the stock as affirmation of Augme’s IP claims, and its strong operating momentum, position it well to be an eventual consolidator in this rapidly growing business."

For an analyst ratings summary and ratings history on Augme Technologies click here. For more ratings news on Augme Technologies click here.

Shares of Augme Technologies closed at $2.00 yesterday.

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