Needham & Company Reiterates a 'Buy' ReachLocal (RLOC); Five Q2 Highlights
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Price: $4.60 --0%
Rating Summary:
2 Buy, 6 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 23 | New: 12
Rating Summary:
2 Buy, 6 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 23 | New: 12
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Needham & Company reiterates a 'Buy' ReachLocal (NASDAQ: RLOC) price target of $16.00 (from $13.00).
Analyst, Kerry Rice's highlighted points from RLOC's Q2 report include: 1) ReachLocal’s 2Q12 revenue, GAAP EPS and adjusted EBITDA exceeded expectations; 2) While ReachLocal raised its FY12 guidance, we continue to believe upside opportunity remains; 3) Despite more macro volatility, North America spending remained stable, resulting in upside to our expectations; 4) International expansion is full steam ahead; and 5) Tele-sales and local commerce initiatives moving forward.
For an analyst ratings summary and ratings history on ReachLocal click here. For more ratings news on ReachLocal click here.
Shares of ReachLocal closed at $11.72 yesterday.
Analyst, Kerry Rice's highlighted points from RLOC's Q2 report include: 1) ReachLocal’s 2Q12 revenue, GAAP EPS and adjusted EBITDA exceeded expectations; 2) While ReachLocal raised its FY12 guidance, we continue to believe upside opportunity remains; 3) Despite more macro volatility, North America spending remained stable, resulting in upside to our expectations; 4) International expansion is full steam ahead; and 5) Tele-sales and local commerce initiatives moving forward.
For an analyst ratings summary and ratings history on ReachLocal click here. For more ratings news on ReachLocal click here.
Shares of ReachLocal closed at $11.72 yesterday.
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