Oppenheimer Maintains Perform On comScore Shares, $43 PT

Oppenheimer analyst Jason Helfstein maintained a Perform rating on comScore Inc (NASDAQ:SCOR) and raised his price target to $43 (from $38) on higher FY margins after divestiture of mobile carrier analytics.

Helfstein said, “DoubleClick VCE roll-out is in line with expectations; however, pricing dynamics are not likely to be resolved until 2Q:15. Meanwhile, we believe there is significant opportunity to leverage vCE technology with online Video, and SCOR has been progressing with various integrations. Third-quarter adj. EBITDA 17%/14% above Opco/Street on organic margins and divestment of mobile operator analytics division. Fourth-quarter EBITDA guidance 11%/8% above, respectively. As a result, we are increasing 2015E EBITDA 12%. We believe vCE is on track to generate $106M of revenue in 2017. Maintaining Perform based on 12% potential upside to target. However, successful DoubleClick execution and increased vCE video penetration could drive valuation in 2H:15.”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Jason Helfstein has a total average return of 18.4% and a 61.1% success rate. Helfstein has a 72.0% average return when recommending SCOR, and is ranked #120 out of 3350 analysts.

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