In a report released today, Darren Aftahi from Roth Capital maintained a Buy rating on Stampscom (STMP), with a price target of $260. The company’s shares closed on Tuesday at $163.30, close to its 52-week low of $145.78.
According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 9.7% and a 51.4% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine Inc, The Meet Group Inc, and Mitek Systems Inc.
Stampscom has an analyst consensus of Strong Buy, with a price target consensus of $285, which is a 74.5% upside from current levels. In a report released today, B.Riley FBR also reiterated a Buy rating on the stock with a $300 price target.
Based on Stampscom’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $33.41 million. In comparison, last year the company had a net profit of $46.23 million.
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Stamps.com, Inc. engages in the provision of Internet-based mailing and shipping solutions. It enables small businesses, enterprises, and online retailers to print U.S. Postal Service-approved postage.