ChannelAdvisor Corp Price Target Raised to $40.00 at Raymond James (ECOM)
Equities research analysts at Raymond James upped their price objective on shares of ChannelAdvisor Corp (NASDAQ:ECOM) from $23.50 to $40.00 in a research note issued to investors on Monday, American Banking and Market News reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price objective indicates a potential upside of 16.55% from the stock’s previous close.
ChannelAdvisor Corp (NASDAQ:ECOM) traded down 0.95% on Monday, hitting $34.32. 156,567 shares of the company’s stock traded hands. ChannelAdvisor Corp has a one year low of $14.25 and a one year high of $35.69. The stock has a 50-day moving average of $28.20 and a 200-day moving average of $21.77. The company’s market cap is $742.8 million.
ChannelAdvisor Corp (NASDAQ:ECOM) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.25) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.35) by $0.10. The company had revenue of $15.97 million for the quarter, compared to the consensus estimate of $14.87 million. ChannelAdvisor Corp’s revenue was up 28.8% compared to the same quarter last year. On average, analysts predict that ChannelAdvisor Corp will post $-0.95 earnings per share for the current fiscal year.
ECOM has been the subject of a number of other recent research reports. Analysts at BMO Capital Markets reiterated a “buy” rating on shares of ChannelAdvisor Corp (NASDAQ:ECOM) in a research note to investors on Monday, September 9th. They now have a $24.00 price target on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of ChannelAdvisor Corp (NASDAQ:ECOM) from $25.00 to $35.00 in a research note to investors on Monday, September 9th. They now have a “buy” rating on the stock.
Six equities research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average target price of $27.67.
Channeladvisor Corporation is a provider of software-as-a-service, or SaaS, solutions that enables retailers and manufacturer customers to integrate, manage and optimize their merchandise sales across hundreds of online channels.
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