Cantor Maintains Buy On comScore Shares, $42 PT


In a research note released this morning, Cantor analyst Youssef Squali maintained a Buy rating on comScore Inc (NASDAQ:SCOR) with a price target of $42.00.

Squali noted, “We expect solid 3Q:14 results out of comScore on Tuesday, October 28th, before market open. We view comScore’s high-teens pro-forma revenue growth in recent quarters as confirmation that new products (including validated Campaign Essentials (vCE), Digital Analytix (DAX), and Media Metrix Multi-Platform (MMX MP)) are gaining traction with customers, and when coupled with the company’s scalable SAAS-based model, we expect meaningful operating leverage to continue, while partnerships/agreements with Google’s DoubleClick, Yahoo! and Nielsen should fuel growth in 2015 and beyond. Estimates vs. consensus: For 3Q, we expect comScore to report $82.6M in revenue (+15.3% Y/Y), $17.5M in EBITDA (21.2% margin), and $0.34 in NEPS vs. FactSet consensus of $81.9M, $16.8M, and $0.31, respectively.”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Youssef Squali has a total average return of 28.9% and a 70.2% success rate. Squali has a 39.1% average return when recommending SCOR, and is ranked #3 out of 3347 analysts.

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