Canaccord Genuity Maintains a 'Buy' on Velti (VELT); Very Well Positioned

Canaccord Genuity maintains a 'Buy' on Velti (NASDAQ: VELT) price target of $21.00.

Analyst, Jeff Rath, said, "We maintain our rating and target following VELT’s investor call to discuss key financial metrics. We continue to believe that Velti remains well positioned in a very strong macro...We believe the improved disclosures will go a long way toward eliminating the current valuation discount... We continue to see FCF in Q4/12 as a positive catalyst for shares."

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 $7.33 yesterday.

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