In a report released today, Scott Berg from Needham reiterated a Buy rating on ChannelAdvisor (NYSE: ECOM), with a price target of $17. The company’s shares closed yesterday at $14.50, close to its 52-week high of $14.80.
According to TipRanks.com, Berg is a 5-star analyst with an average return of 14.6% and a 67.4% success rate. Berg covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Medidata Solutions, and Tyler Technologies.
Currently, the analyst consensus on ChannelAdvisor is Moderate Buy and the average price target is $15, representing a 3.4% upside.
In a report released today, D.A. Davidson also maintained a Buy rating on the stock with a $17 price target.
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The company has a one-year high of $14.80 and a one-year low of $8.30. Currently, ChannelAdvisor has an average volume of 74.64K.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is neutral on the stock.
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ChannelAdvisor Corp. engages in provision of software-as-a-service solutions that enables the retailer and branded manufacturer customers to integrate, manage and optimize their merchandise sales across hundreds of online channels. It operates through the following segments: Marketplaces, Digital Marketing, and Other.
