There’s a lot to be optimistic about in the Services sector as 3 analysts just weighed in on IMAX Corp (IMAX), Rosetta Stone (RST) and Payment Data Systems Inc (PYDS) with bullish sentiments.
IMAX Corp (IMAX)
Barrington analyst James Goss maintained a Buy rating on IMAX Corp today and set a price target of $27. The company’s shares closed yesterday at $20.84.
Goss observed:
“We are encouraged by new opportunities in the core business line such as greater flexibility in screen usage such as multiple titles across the IMAX platform and split screenings by daypart, reduced screening periods for individual films within a larger number of titles and experimentation with reseating options. Attention to the cost structure is also important. Management has deemphasized its new investments. The paring back of outlays on new business to focus on core opportunities is a plus.”
According to TipRanks.com, Goss is a 5-star analyst with an average return of 10.4% and a 60.6% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, Nexstar Media Group Inc, and Sirius XM Holdings Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for IMAX Corp with a $28 average price target, which is a 34.4% upside from current levels. In a report issued on February 20, MKM Partners also maintained a Buy rating on the stock with a $27 price target.
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Rosetta Stone (RST)
In a report released today, Alexander Paris from Barrington maintained a Buy rating on Rosetta Stone, with a price target of $24. The company’s shares closed yesterday at $15.53.
Paris observed:
“We would continue to be buyers of RST given the intrinsic value of its parts, continued strong growth at Lexia, a more predictable/sustainable sales model, improving cash flow and its healthy balance sheet (no long‐term debt). As such, we are reiterating our OUTPERFORM investment rating.”
According to TipRanks.com, Paris is a 5-star analyst with an average return of 11.8% and a 57.1% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, Strategic Education Inc, and Franklin Covey Company.
Rosetta Stone has an analyst consensus of Moderate Buy, with a price target consensus of $24.
Payment Data Systems Inc (PYDS)
In a report released today, Gary Prestopino from Barrington maintained a Buy rating on Payment Data Systems Inc, with a price target of $5. The company’s shares closed yesterday at $2.76.
Prestopino commented:
“We believe these 30 ISVs represent over $1 billion of annualized processing volume and close to $30 million of annualized revenue potential for PYDS. We believe that throughout 2019, the impact of these new ISV signings will become evident through an acceleration of revenue growth as merchants become boarded and begin processing on the platform.”
According to TipRanks.com, Prestopino is a 1-star analyst with an average return of -0.7% and a 41.9% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, US Auto Parts Network, and Liquidity Services.
Payment Data Systems Inc has an analyst consensus of Moderate Buy, with a price target consensus of $4.75, representing a 72.1% upside. In a report issued on February 19, Maxim Group also reiterated a Buy rating on the stock with a $4.50 price target.
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