Canaccord Genuity Maintains a 'Buy' on Constant Contact (CTCT); In Favor, But Still Have Something To Prove

Canaccord Genuity maintains a 'Buy' on Constant Contact (NASDAQ: CTCT) price target of $27.00.

Analyst, Richard Davis, said, "Transformations always take longer than you expect and CTCT’s evolution from an SMB email firm to a full marketing platform for small businesses is no exception. Looking forward, accelerating growth and beat and raises almost always produce superior stock price performance. CTCT has three major product initiatives that could produce both factors. CTCT is still a "prove it" stock, but we believe the odds are nicely tipped in favor of a very good outcome. "

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

Shares of Constant Contact closed at $18.46 yesterday.

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