RetailMeNot (SALE) Lock-Up Creates Compelling Entry Point, Jefferies Says
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Price: $11.58 --0%
Rating Summary:
2 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
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Rating Summary:
2 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Jefferies US Internet Team reiterated a Buy rating and $47 price target on RetailMeNot Inc. (NASDAQ: SALE) saying the lock-up creates a compelling entry point.
The US Internet Team said, "We continue to believe that RetailMeNot is one of the best positioned names in the digital couponing space and recent weakness in the stock is an overreaction to its final lock-up expiration, the perception of increasing competition, and a competitor's IPO. We believe that SALE fundamentals remain solid on the heels of strong management execution. We highlight the current price as a compelling entry point for investors and reiterate our Buy rating and $47 PT."
For an analyst ratings summary and ratings history on RetailMeNot Inc. click here. For more ratings news on RetailMeNot Inc. click here.
Shares of RetailMeNot Inc. closed at $37.19 yesterday.
The US Internet Team said, "We continue to believe that RetailMeNot is one of the best positioned names in the digital couponing space and recent weakness in the stock is an overreaction to its final lock-up expiration, the perception of increasing competition, and a competitor's IPO. We believe that SALE fundamentals remain solid on the heels of strong management execution. We highlight the current price as a compelling entry point for investors and reiterate our Buy rating and $47 PT."
For an analyst ratings summary and ratings history on RetailMeNot Inc. click here. For more ratings news on RetailMeNot Inc. click here.
Shares of RetailMeNot Inc. closed at $37.19 yesterday.
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