Needham analyst Ryan MacDonald reiterated a Buy rating on ChannelAdvisor (ECOM) today and set a price target of $21.00. The company’s shares closed last Friday at $19.33.
According to TipRanks.com, MacDonald is a top 100 analyst with an average return of 34.0% and a 76.7% success rate. MacDonald covers the Technology sector, focusing on stocks such as Verint Systems, Coupa Software, and Liveperson.
ChannelAdvisor has an analyst consensus of Moderate Buy, with a price target consensus of $19.00.
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ChannelAdvisor’s market cap is currently $422.4M and has a P/E ratio of 57.10. The company has a Price to Book ratio of 5.57.
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ChannelAdvisor Corp. provides software as a service solution that enables the retailer and branded manufacturer customers to integrate, manage and optimize their merchandise sales across hundreds of online channels. Its customers utilize platform to connect with new and existing sources of demand for their products through channels such as Amazon, eBay, Facebook, Google and Walmart. The firm also offers solutions that allow brands to send their web visitors or digital marketing audiences directly to authorize resellers and to gain insight into consumer behaviour. The company was founded by M. Scot Wingo and Aris Antanas Buinevicius in June 2001 and is headquartered in Morrisville, NC.
