In a report released today, Darren Aftahi from Roth Capital maintained a Buy rating on Carecom (NYSE: CRCM), with a price target of $24. The company’s shares closed yesterday at $20.10.
Aftahi noted:
“We recently hosted CRCM CFO Michael Echenberg at investor meetings. Our key takeaways include: 1) trusted and Galore should add multiple platform benefits and potential topline growth catalysts longer-term, and 2) increased forward marketing spend should be seen across all platforms, however it could be slightly more moderated than current consensus, and closer to our current model assumptions.”
According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 15.4% and a 55.0% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine Inc, The Meet Group Inc, and Mitek Systems Inc.
Currently, the analyst consensus on Carecom is a Moderate Buy with an average price target of $24.
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The company has a one-year high of $22.95 and a one-year low of $13.15. Currently, Carecom has an average volume of 220.6K.
Based on the recent corporate insider activity of 125 insiders, corporate insider sentiment is neutral on the stock.
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Care.com, Inc. engages in the provision of an online marketplace, which enables customers to find and manage family care through connecting families to caregivers and care giving services. It offers child care, adult and senior care, pet care, and home care.
