Marketo Price Target Increased to $36.00 by Analysts at Raymond James (MKTO)
Equities research analysts at Raymond James lifted their price target on shares of Marketo (NASDAQ:MKTO) from $30.00 to $36.00 in a research note issued to investors on Thursday, Analyst RN reports. The firm currently has an “outperform” rating on the stock. Raymond James’ target price suggests a potential upside of 13.10% from the company’s current price.
A number of other analysts have also recently weighed in on MKTO. Analysts at Credit Suisse initiated coverage on shares of Marketo in a research note to investors on Monday, September 30th. They set an “outperform” rating and a $31.49 price target on the stock. Separately, analysts at Wells Fargo & Co. initiated coverage on shares of Marketo in a research note to investors on Monday, September 30th. They set an “outperform” rating on the stock. Finally, analysts at JMP Securities raised their price target on shares of Marketo from $27.00 to $31.00 in a research note to investors on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $28.75.
Marketo (NASDAQ:MKTO) traded up 4.36% on Thursday, hitting $31.83. The stock had a trading volume of 320,387 shares. Marketo has a 52-week low of $17.20 and a 52-week high of $39.80. The stock has a 50-day moving average of $33.98 and a 200-day moving average of $28.95. The company’s market cap is $1.205 billion.
Marketo (NASDAQ:MKTO) last released its earnings data on Tuesday, July 30th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.43) by $0.06. The company had revenue of $22.50 million for the quarter, compared to the consensus estimate of $20.12 million. During the same quarter in the previous year, the company posted ($3.30) earnings per share. The company’s revenue for the quarter was up 61.9% on a year-over-year basis. On average, analysts predict that Marketo will post $-1.47 earnings per share for the current fiscal year.
Marketo, Inc (NASDAQ:MKTO) provides cloud-based marketing software platform that enables organizations to engage in modern relationship marketing.
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