Oppenheimer analyst Jason Helfstein maintained a Buy rating on Quotient Technology Inc (QUOT) today and set a price target of $12. The company’s shares opened today at $9.75, close to its 52-week low of $9.
Helfstein commented:
“We are lowering our price target to $12 (was $15), but maintaining our Outperform rating on valuation and potential strategic takeout potential. While 2018 ended below mgmt’s original expectations, FY revenue/EBITDA growth finished at reasonably healthy levels, and the 2019 outlook also suggests respectable growth, albeit partially aided by a large check-out coupon win. In our view, the challenge for investors is getting excited about mid-teens organic revenue growth and low 20s EBITDA growth, when gross profit is flat y/y, and FCF is down materially. and strategic value as the only 3P provider of digital coupons and data- driven shopper marketing data, we see value in these assets long term. Target implies 13x ’20E EBITDA.”
According to TipRanks.com, Helfstein is a top 100 analyst with an average return of 17.5% and a 63.6% success rate. Helfstein covers the Technology sector, focusing on stocks such as Endurance International, ANGI Homeservices Inc, and Spotify Technology SA.
Currently, the analyst consensus on Quotient Technology Inc is a Strong Buy with an average price target of $16, implying a 64.1% upside from current levels. In a report released today, Merrill Lynch 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 $15.98 and a one-year low of $9. Currently, Quotient Technology Inc has an average volume of 745.3K.
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Quotient Technology, Inc. engages in the operation of a digital marketing platform that connects brands and retailers with consumers through web, mobile, and social channels. It offers digital printable coupons, digital paperless coupons, coupon codes and other promotions.