Canaccord Genuity maintains a 'Buy' on Carbonite (CARB); Inching Up Estimates After Solid Qtr
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Price: $22.98 --0%
Rating Summary:
2 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 4 | Down: 19 | New: 18
Rating Summary:
2 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 4 | Down: 19 | New: 18
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Canaccord Genuity maintains a 'Buy' on Carbonite (NASDAQ: CARB) price target of $16.00.
Analyst, Richard Davis, said, "Carbonite posted modest upsides to just about all of the metrics we track. Our view is that this stock could move meaningfully higher if the firm’s revenue growth stays above 30% and cash flow goes positive. We expect both to happen and for the stock to react positively once investors believe our 2013 projections...We have inched our estimates slightly higher."
For an analyst ratings summary and ratings history on Carbonite click here. For more ratings news on Carbonite click here.
Shares of Carbonite closed at $8.23 yesterday.
Analyst, Richard Davis, said, "Carbonite posted modest upsides to just about all of the metrics we track. Our view is that this stock could move meaningfully higher if the firm’s revenue growth stays above 30% and cash flow goes positive. We expect both to happen and for the stock to react positively once investors believe our 2013 projections...We have inched our estimates slightly higher."
For an analyst ratings summary and ratings history on Carbonite click here. For more ratings news on Carbonite click here.
Shares of Carbonite closed at $8.23 yesterday.
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