Benchmark initiated its coverage of QuinStreet QNST with a Hold rating and a price target of $13.
In a research report published today, Benchmark states, "QuinStreet pre-announced fiscal 4Q11 (ending
June) results projecting a meaningful deceleration in growth, while providing 2012
guidance which appears aggressive. While we believe QuinStreet's business
generates strong free cash flow, concern that the model may be broken could take
several quarters to address. We initiate coverage of QuinStreet with a Hold rating
and a $13 per share price target."
On Wednesday, QuinStreet added 1.25% to its value to end the day at $12.18.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in