BMO Capital Believes Acxiom Corp (ACXM) Still Has Room to Grow


BMO Capital analyst Daniel Salmon reiterated a Buy rating on Acxiom Corp (NASDAQ: ACXM) yesterday and set a price target of $46. The company’s shares closed yesterday at $42.40, close to its 52-week high of $42.55.

According to TipRanks.com, Salmon is a 5-star analyst with an average return of 18.9% and a 74.1% success rate. Salmon covers the Services sector, focusing on stocks such as Nielsen Holdings, 21st Century Fox, and Pandora Media.

Acxiom Corp has an analyst consensus of Strong Buy, with a price target consensus of $41, implying a -3.3% downside from current levels. In a report issued on July 3, Wells Fargo also reiterated a Buy rating on the stock with a $41 price target.

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Acxiom Corp’s market cap is currently $3.3B and has a P/E ratio of 151.43. The company has a Price to Book ratio of 4.40.

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Acxiom Corp. is a global technology and enablement services company, which engages in marketing database and business intelligence development. It operates through the following segments: Connectivity, Audience Solutions, and Marketing Services. The Connectivity segment activates data and makes it portable across the open marketing ecosystem.

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