TubeMogul (TUBE) PT Raised to $25 at Piper Jaffray

Piper Jaffray analyst Gene Munster reiterated an Overweight rating and bumped his price target on TubeMogul, Inc (NASDAQ: TUBE) to $25.00 (from $24.00) following solid Q1 results and strong Q2 guidance.

Munster commented, "TUBE posted solid Q1 results with a strong Q2 guide that should reassure investors that may have been cautious following the prior quarter results. We continue to view TUBE as one of the strongest public adtech plays given the company's self serve model that has elements of higher visibility than typical I/O driven online ad sales models. Additionally, we believe the company's continued expansion into offline digital media including television and digital billboards should enable the company to deliver a differentiated, video-focused ad products to advertisers."

The firm trimmed FY 2015 EPS from ($0.68) to ($0.77) and FY 2016 EPS from ($0.40) to ($0.43).

For an analyst ratings summary and ratings history on TubeMogul, Inc click here. For more ratings news on TubeMogul, Inc click here.

Shares of TubeMogul, Inc closed at $15.43 yesterday.

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