Velti (VELT) Drops Following Analyst Day Event
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Jefferies Sees Messy Transition at Velti (VELT) But Keeps 'Buy' Rating
January 31, 2013 3:07 PM ESTJefferies slashed its price target on Velti (NASDAQ: VELT) from $12 to $8 but is keeping a Buy rating on the name following yesterday's 25% sell-off on cautious analyst day comments.
Commenting on the analyst meeting, Jefferies notes: "Velti focused on their platform and substantial... More
Craig-Hallum Downgrades Velti (VELT) to Hold
January 31, 2013 8:22 AM ESTCraig-Hallum downgraded Velti (NASDAQ: VELT) from Buy to Hold with a price target of $4.00 (from $12.00) following a more subdued outlook.
For an analyst ratings summary and ratings history on Velti click... More
Velti (VELT): a 25% Sell-Off and Now a Downgrade
January 31, 2013 7:22 AM ESTShares of Velti (NASDAQ: VELT) fell 25 percent yesterday afternoon following cautious management comments from the company's analyst day. Today analysts at Wells Fargo are weighing in and have downgraded shares from Outperform to Market Perform and lowered their valuation range from $10-12 to $4.50-6.00.
"Though we believe management did a solid job of outlining the evolution of the mobile marketing landscape, the range of Velti's capabilities, and... More
