UBS Starts Marketo, Inc (MKTO) at Neutral
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Price: $35.25 --0%
Rating Summary:
4 Buy, 12 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 9 | New: 12
Rating Summary:
4 Buy, 12 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 9 | New: 12
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UBS initiates coverage on Marketo, Inc (NASDAQ: MKTO) with a Neutral. PT $22.00.
The analyst comments, "Marketo is a leading provider of Cloud-based marketing software. In the 3 years b/t 2009-12, MKTO increased revenues 13x (from $4M to $58M) and customer count 10x (from >200 to >2200). After 80% growth in 2012, our 41% est. for 2013 looks very achievable. With a large TAM of $30Bn+ & 300K+ co’s and less than 1% penetration, MKTO appears well-positioned to sustain rapid growth. However, with uncertainties created by CRM’s acquisition of competitor ExactTarget and premium valuation of 9.6x EV/S, MKTO shares may be range bound in near-term."
For an analyst ratings summary and ratings history on Marketo, Inc click here. For more ratings news on Marketo, Inc click here.
Shares of Marketo, Inc closed at $22.09 yesterday.
The analyst comments, "Marketo is a leading provider of Cloud-based marketing software. In the 3 years b/t 2009-12, MKTO increased revenues 13x (from $4M to $58M) and customer count 10x (from >200 to >2200). After 80% growth in 2012, our 41% est. for 2013 looks very achievable. With a large TAM of $30Bn+ & 300K+ co’s and less than 1% penetration, MKTO appears well-positioned to sustain rapid growth. However, with uncertainties created by CRM’s acquisition of competitor ExactTarget and premium valuation of 9.6x EV/S, MKTO shares may be range bound in near-term."
For an analyst ratings summary and ratings history on Marketo, Inc click here. For more ratings news on Marketo, Inc click here.
Shares of Marketo, Inc closed at $22.09 yesterday.
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