Needham & Company Reiterates a 'Buy' on Zipcar (ZIP); Underpenetrated Markets Leave Significant Room
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Price: $4.86 +3.40%
Rating Summary:
2 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
2 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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Needham & Company reiterates a 'Buy' on Zipcar (NASDAQ: ZIP) price target of $25.00.
Analyst, Kerry Rice, said, "We believe Zipcar can meet or exceed 2Q12 expectations. We believe competitors represent a headline risk, but beyond price Zipcar’s competitive advantages should increase its utilization and sustain its leading market share. We believe Zipcar’s competitive advantages include its technology platform, hyper-local business model, and positive consumer experience. We continue to believe this is an attractive entry point given the company’s long-term growth opportunities."
For an analyst ratings summary and ratings history on Zipcar click here. For more ratings news on Zipcar click here.
Shares of Zipcar closed at $11.75 yesterday.
Analyst, Kerry Rice, said, "We believe Zipcar can meet or exceed 2Q12 expectations. We believe competitors represent a headline risk, but beyond price Zipcar’s competitive advantages should increase its utilization and sustain its leading market share. We believe Zipcar’s competitive advantages include its technology platform, hyper-local business model, and positive consumer experience. We continue to believe this is an attractive entry point given the company’s long-term growth opportunities."
For an analyst ratings summary and ratings history on Zipcar click here. For more ratings news on Zipcar click here.
Shares of Zipcar closed at $11.75 yesterday.
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