Deutsche Bank Starts ExactTarget (ET) at Buy; A Leader in SaaS Marketing Platforms

Deutsche Bank initiates coverage on ExactTarget (NYSE: ET) with a Buy. PT $35.00.

Deutsche analyst said, "A robust SaaS platform with capability to massively scale from SMB clients to the largest enterprises while serving large volume of multi-channel communication with sub-one-second service level guarantees creates significant differentiation vs the competition. ExactTarget operates in a large, underpenetrated addressable market growing through secular shifts in marketing budgets, which presents numerous growth opportunities."

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

Shares of ExactTarget closed at $27.01 yesterday.

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