In a report released today, Michael Latimore from Northland Securities maintained a Buy rating on Brightcove (BCOV), with a price target of $29.00. The company’s shares closed last Wednesday at $20.34, close to its 52-week high of $21.52.
According to TipRanks.com, Latimore is a top 100 analyst with an average return of 42.8% and a 66.0% success rate. Latimore covers the Technology sector, focusing on stocks such as Comtech Telecommunications, Ribbon Communications, and Limelight Networks.
Currently, the analyst consensus on Brightcove is a Moderate Buy with an average price target of $25.50.
See today’s analyst top recommended stocks >>
The company has a one-year high of $21.52 and a one-year low of $5.44. Currently, Brightcove has an average volume of 348.8K.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Brightcove, Inc. engages in the provision of video cloud solutions. It enables customers to publish and distribute video to Internet-connected devices. Its products include Video Cloud, Video Marketing Suite, Enterprise Video Suite, Brightcove Campaign, Player, Live, Dynamic Server-Side Ad Insertion (SSAI), OTT Experiences, and Zencoder. The company founded by Jeremy J. Allaire and Robert Mason on August 24, 2004 and is headquartered in Boston, MA.
