Analysts Offer Insights on Services Companies: Remark Media Inc (MARK), Gartner (IT) and Lincoln Edu (LINC)


Analysts have been eager to weigh in on the Services sector with new ratings on Remark Media Inc (MARK), Gartner (IT) and Lincoln Edu (LINC).

Remark Media Inc (MARK)

Roth Capital analyst Darren Aftahi maintained a Buy rating on Remark Media Inc today and set a price target of $7.50. The company’s shares opened today at $1.23, close to its 52-week low of $1.05.

Aftahi commented:

“We look for stable AI revenue growth of ~33% y/y, although declining ~$100K q/q (although collection around booked revenue could tweak this figure). We expect updates regarding the likely Vegas.com sale, and further potential monetization this year (Sharecare). Meanwhile, we believe for the stock to work, MARK must not only solidify its balance sheet but continue to show q/q AI growth and traction within its pipeline. $7.50 PT. 1Q expectations. We model for 1Q sales/adj. ($2.5M)/($0.42), which includes Remark AI (formerly known as KanKan) revenue of ~$2.4M, up ~33% y/y and down ~$100K q/q, but should begin to ramp in 2Q and beyond. Our total revenue estimate implies ~13% y/y growth, inclusive of ~11% Travel and Ent. growth (which is still pending potential sale). We look for gross margins of ~70.7%, down ~500bps y/y but up q/q.”

According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 15.2% and a 54.1% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine Inc, The Meet Group Inc, and Mitek Systems Inc.

Remark Media Inc has an analyst consensus of Moderate Buy, with a price target consensus of $7.50.

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Gartner (IT)

In a report released today, Joseph Foresi from Cantor Fitzgerald maintained a Hold rating on Gartner, with a price target of $141. The company’s shares opened today at $158.57, close to its 52-week high of $161.85.

Foresi observed:

“. We maintain our Neutral rating on IT and our 12-month $141 PT*. Gartner turned in top line results above estimates (excluding divested operations) and bottom line results above estimates as well. The company maintained 2019 guidance. We look to the call to provide further color on the performance of the core business, the outlook of GBS contract growth, and the margin profile.”

According to TipRanks.com, Foresi is a top 25 analyst with an average return of 22.5% and a 88.5% success rate. Foresi covers the Technology sector, focusing on stocks such as International Business Machines Corporation, Jack Henry & Associates, and Fidelity National Info.

Currently, the analyst consensus on Gartner is a Moderate Buy with an average price target of $158.

Lincoln Edu (LINC)

In a report released today, Alexander Paris from Barrington reiterated a Buy rating on Lincoln Edu, with a price target of $4.25. The company’s shares closed yesterday at $3.08, close to its 52-week high of $3.34.

Paris noted:

“We expect average enrollment of 10,020 in Q1/19, up 2.2% YOY excluding the Transitional segment, and end of period enrollment of 10,503, up 4.4% YOY, excluding the Transitional segment.”

According to TipRanks.com, Paris is a 5-star analyst with an average return of 10.2% and a 56.5% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Strategic Education Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lincoln Edu with a $4.25 average price target.

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