Steady Improvement Likely To Persist In 3Q Results, Says Cantor
In a research report issued today, Cantor analyst Youssef Squali assigned a Buy rating on AOL Inc (NYSE:AOL) with a price target of $50, as the company is heading into its third-quarter results.
Squali noted, “We expect AOL to report in-line or slightly better than expected 3Q:14 results on Thursday, November 6th. We upgraded AOL to BUY post 2Q results on the back of 1.) faster growth in Networks (driven by Video and Programmatic offerings), and 2.) improved pricing trends in branded Display (in stark contrast to Yahoo!, where trends have worsened). We expect these tailwinds to continue into 3Q:14, strengthening the company’s turnaround story.”
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 28.3% and a 75.2% success rate. Squali has a 2.3% average return when recommending AOL, and is ranked #3 out of 3355 analysts.