Courtesy of Benzinga.
In a report published Monday, Albert Fried & Company analyst Rich Tullo initiated coverage on TubeMogul Inc (NASDAQ: TUBE) with an Overweight rating and $23.00 price target.
In the report, Albert Fried & Company noted, “While TUBE shares are up 120% since the IPO the lock up expired on January 14, 2015, which means insider stock is potentially for sale. Despite the overhang, we think there is room for share growth as TUBE expands domestically, and globally and also as TUBE launches new applications such as Performance TV Ad buying. While the TUBE revenue model is complicated, we think investors will growth comfortable with the model as several industries such as Internet Search and the Oil Industry also have pass throughs. TUBE has less than 1% media buying market share and we think there is plenty of room for long-term growth.”
TubeMogul closed on Friday at $17.88.
Latest Ratings for TUBE
Date | Firm | Action | From | To |
---|---|---|---|---|
Jan 2015 | Albert Fried & Co. | Initiates Coverage on | Overweight | |
Jan 2015 | RBC Capital | Upgrades | Sector Perform | Outperform |
Dec 2014 | Maxim Group | Initiates Coverage on | Buy |
View More Analyst Ratings for TUBE
View the Latest Analyst Ratings
Posted-In: Albert Fried & Company Rich TulloAnalyst Color Initiation Analyst Ratings