Deutsche Bank Starts MaxPoint Interactive (MXPT) at Buy

Deutsche Bank initiated coverage on MaxPoint Interactive (NYSE: MXPT) with a Buy rating and a price target of $13.

Analyst Ross Sandler said, "Our Buy rating is based on our belief that MXPT will buck the negative stock performance for most of public ad tech, based on the company’s unique approach and somewhat insulated competitive landscape. We think MXPT can deliver solid results (as CRTO and RUBI have), and that its discounted valuation should drift higher. The risk to owning MXPT is the same as any public market ad tech, one misstep and confidence is eroded and valuation could collapse, as we’ve witnessed in six out of eight companies in the space post-IPO."

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

Shares of MaxPoint Interactive closed at $9.96 yesterday.

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