Ascendiant Capital Starts Local.com (LOCM) at Buy; Positive Execution with Solid Growth Prospects
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Price: $0.09 --0%
Rating Summary:
2 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 13 | New: 20
Rating Summary:
2 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 13 | New: 20
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Ascendiant Capital initiates coverage on Local.com (NASDAQ: LOCM) with a Buy. PT $3.50.
Analyst, Edward Woo, said, "Solid long term growth prospects and reasonable valuation make stock attractive. We recommend the stock and believe its valuation will increase as it benefits from the large growth in online advertising."
Woo did note his concern on high competition from Google (Nasdaq: GOOG) and other major search engines, but overall concerns are not as noteworthy as the company's growth prospects and current valuation.
For an analyst ratings summary and ratings history on Local.com click here. For more ratings news on Local.com click here.
Shares of Local.com closed at $2.23 yesterday.
Analyst, Edward Woo, said, "Solid long term growth prospects and reasonable valuation make stock attractive. We recommend the stock and believe its valuation will increase as it benefits from the large growth in online advertising."
Woo did note his concern on high competition from Google (Nasdaq: GOOG) and other major search engines, but overall concerns are not as noteworthy as the company's growth prospects and current valuation.
For an analyst ratings summary and ratings history on Local.com click here. For more ratings news on Local.com click here.
Shares of Local.com closed at $2.23 yesterday.
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