Analysts Conflicted on These Technology Names: ChannelAdvisor (ECOM), United States Cellular (USM) and PFSweb (PFSW)


Companies in the Technology sector have received a lot of coverage today as analysts weigh in on ChannelAdvisor (ECOM), United States Cellular (USM) and PFSweb (PFSW).

ChannelAdvisor (ECOM)

In a report released today, Zach Cummins from B.Riley FBR reiterated a Buy rating on ChannelAdvisor, with a price target of $31. The company’s shares opened today at $11.57.

Cummins said:

“We have two covered software companies reporting after the market close on Thursday, November 8. Starting with ChannelAdvisor (ECOM— Buy, $17.50 PT), we anticipate results will be in line with Street estimates, which are consistent with our estimates and within management’s guidance. While ECOM should benefit from the continued acceleration of Amazon’s advertising business and increasing contribution from its strategic partnerships, we believe that slowing growth with eBay’s marketplace translates into a lower probability of upside versus Street estimates in 3Q.”

According to TipRanks.com, Cummins has currently no stars on a ranking scale of 0-5 stars, with an average return of -13.8% and a 17.4% success rate. Cummins covers the Technology sector, focusing on stocks such as ServiceSource International Inc, American Software, and Computer Task.

ChannelAdvisor has an analyst consensus of Moderate Buy, with a price target consensus of $21.

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United States Cellular (USM)

In a report released today, Zachary Silver from B.Riley FBR reiterated a Hold rating on United States Cellular, with a price target of $53. The company’s shares opened today at $51.87.

Silver commented:

“We update estimates for U.S. Cellular (USM—Neutral, $53 PT) after the company’s 3Q18 earnings report, which featured better top- and bottom-line results than we had modeled as well as a hike to full year AEBITDA and AOIBDA guidance (for more on the quarter, see our initial react here). We take up our 2018E AOIBDA estimate $36M to $788M, slightly above the midpoint of the new guidance range. Our $53 price target is based a 5.1x multiple of 2019E AOIBDA, which we now see at $804M, $25M higher than our previous estimate. Our outlook for the remainder of this year and 2019 bakes in postpaid ARPU stabilization, which is heavily dependent on how promotional intensity evolves over the coming quarters.”

According to TipRanks.com, Silver is a 3-star analyst with an average return of 10.8% and a 83.3% success rate. Silver covers the Technology sector, focusing on stocks such as Shenandoah Telecommunications Co, Telephone & Data Systems Inc, and Wideopenwest Inc.

United States Cellular has an analyst consensus of Moderate Buy, with a price target consensus of $58.33.

PFSweb (PFSW)

B.Riley FBR analyst Kara Anderson reiterated a Buy rating on PFSweb today and set a price target of $14. The company’s shares opened today at $7.18.

Anderson wrote:

“Buy-rated PFSweb, Inc. (PFSW, $14 PT) will report 3Q18 results after market close, and hold a conference call to discuss quarterly earnings at 5:00 p.m. ET, which can be accessed by dialing (888) 949-2175 and providing passcode 9534484. We model service fee equivalent (SFE) revenue of $56.5 million, adjusted EBITDA of $4.9 million, and adjusted EPS of $0.04 versus consensus for $54.9 million, $5.0 million, and $0.04. We see little risk to the already more moderate 3Q outlook and believe investors are more focused on PFS’s FY18 guide which is largely reliant on 4Q’s performance. We believe management’s visibility for holiday volume forecasts improved beginning in September and given strong trade projections for US ecommerce sales we there is support for an unchanged guide.”

According to TipRanks.com, Anderson is a 4-star analyst with an average return of 5.0% and a 44.2% success rate. Anderson covers the Services sector, focusing on stocks such as Weight Watchers International, Spark Networks Plc, and PCM Inc.

Currently, the analyst consensus on PFSweb is a Moderate Buy with an average price target of $12.50.

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