Roth Capital Sticks to Its Buy Rating for ICLICK INTERACTIVE ASIA GROUP LTD (ICLK)


In a report released today, Darren Aftahi from Roth Capital maintained a Buy rating on ICLICK INTERACTIVE ASIA GROUP LTD (ICLK), with a price target of $8. The company’s shares closed yesterday at $3.94.

Aftahi observed:

“We expect 1Q19 revenue to be mostly in-line with guidance when ICLK reports BMO on 5/29, although we do anticipate continued FX headwinds. We thus continue to focus on three things: 1) the ramp of CRM solutions pipeline; 2) timeline for CRM revenue to scale meaningfully, and; 3) CRM positive margin flow through. We believe as each of these materializes, likely in order, we could see a solid transformation of ICLK’s business (revenue/margin) profile as FY19 progresses.”

According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 15.4% and a 52.9% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine Inc, The Meet Group Inc, and Mitek Systems Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ICLICK INTERACTIVE ASIA GROUP LTD with a $8 average price target.

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The company has a one-year high of $8.66 and a one-year low of $2.72. Currently, ICLICK INTERACTIVE ASIA GROUP LTD has an average volume of 50.17K.

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iClick Interactive Asia Group Ltd. is a holding company, engages in the provision of online marketing and data technology platform. Its data-driven solutions help marketers identify, engage, and activate potential customers, monitor and measure the results of marketing campaigns, and create content catering to potential customers across different content distribution channels through both personal computer and mobile devices. It operates through the following geographical segment: People’s Park of China (PRC), Hong Kong, and Others. The company was founded by Wing Hong Hsieh, Ricky Ng, and Jian Tang on 2009 and is headquartered in Hong Kong.

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