Needham & Company Maintains Buy on AOL (AOL) Following Strong 1Q
Needham & Company maintains their Buy rating on AOL, Inc. (NYSE: AOL), with a price target of $57.00, following a strong 1Q15. AOL reported revenue of $625mm, which was 10% above estimates, and up 7% y/y. AOL also reported an adjusted EPS of $0.34 ( $0.01 above estimates).
Needham & Company analyst, Laura Martin, commented on AOL, saying, "the margin outlook should improve throughout 2015. AOL’s focus on premium video and programmatic (i.e., “Barbell strategy”) appears strategically well positioned. Owning HuffPo, Engaget, TechCrunch plus other premium content attracts the biggest brand advertisers and assures AOL is part of all conversations as they move TV ad dollars to the web. We reiterate our Buy rating and $57 Target Price."
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Shares of AOL, Inc. closed at $43.42 yesterday.