Beacon Rock Research Reiterated Buy and PT of $25 on Sonic Foundry

Beacon Rock Research reiterated its Buy rating on Sonic Foundry SOFO. At the same time, Beacon Rock left its price target unchanged at $25. In a research report published today, Beacon Rock praised Sonic Foundry as the leader in the online education sector. In the report, Sonic Foundry states, "Sonic Foundry has successfully navigated the economic downturn and has emerged as a clear leader in lecture capture as evidence by the quality and duration of its client base as well as the product and service offering. It is becoming clear that online education is now a necessary part of higher education and corporate communications, with premiums paid for quality turnkey solutions. We reiterate our Buy rating and our 12-month price target to $25.00 per share." On Tuesday, Sonic Foundry closed at $15.17.