comScore (SCOR) Price Target Raised to $42 at Cantor

Cantor Fitzgerald maintained a Buy rating on comScore (NASDAQ: SCOR) and raised its price target to $42.00 (from $36.00). The change follows Q2 results.

Analyst Youssef Squali said, "comScore reported another strong quarter, with revenue and EBITDA 2% and 15% ahead of expectations, respectively. New product sales (vCE and MMX MP) drove acceleration in subscription revenue growth and higher EBITDA, demonstrating compelling operating leverage despite elevated investments. We believe that new vCE integrations with Google and Yahoo! and a syndicated Total Video offering should provide incremental revenue in 2H:14 and beyond, driving sustained mid-teens revenue growth for several more years. Strong business momentum, new product catalysts, and increased stock buyback keep us positive on the stock. We're tweaking our estimates and raising our PT to $42 from $36."

For an analyst ratings summary and ratings history on comScore click here. For more ratings news on comScore click here.

Shares of comScore closed at $37.24 yesterday.

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