Credit Suisse Increases Marketo Price Target to $45.00 (MKTO)
Stock analysts at Credit Suisse boosted their target price on shares of Marketo (NASDAQ:MKTO) from $36.00 to $45.00 in a report issued on Friday, AR Network reports. Credit Suisse’s target price indicates a potential upside of 26.98% from the stock’s previous close.
Shares of Marketo (NASDAQ:MKTO) opened at 35.44 on Friday. Marketo has a 52-week low of $17.20 and a 52-week high of $39.80. The stock’s 50-day moving average is $34.98 and its 200-day moving average is $28.20. The company’s market cap is $1.342 billion.
Marketo (NASDAQ:MKTO) last released its earnings data on Thursday, October 24th. The company reported ($0.21) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.25) by $0.04. The company had revenue of $25.50 million for the quarter, compared to the consensus estimate of $23.44 million. During the same quarter in the previous year, the company posted ($2.98) earnings per share. The company’s revenue for the quarter was up 65.6% on a year-over-year basis. Analysts expect that Marketo will post $-1.47 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity raised their price target on shares of Marketo from $30.00 to $40.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Raymond James raised their price target on shares of Marketo from $30.00 to $36.00 in a research note to investors on Thursday, October 10th. They now have an “outperform” rating on the stock. Finally, 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. Marketo currently has a consensus rating of “Buy” and a consensus target price of $34.50.
Marketo, Inc (NASDAQ:MKTO) provides cloud-based marketing software platform that enables organizations to engage in modern relationship marketing.
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