ChannelAdvisor Corp Price Target Increased to $48.00 by Analysts at Pacific Crest (ECOM)
Research analysts at Pacific Crest increased their price target on shares of ChannelAdvisor Corp (NASDAQ:ECOM) from $40.00 to $48.00 in a report released on Monday, Analyst RN reports. Pacific Crest’s target price suggests a potential upside of 18.20% from the company’s current price.
Shares of ChannelAdvisor Corp (NASDAQ:ECOM) traded down 0.95% during mid-day trading on Monday, hitting $40.61. The stock had a trading volume of 319,309 shares. ChannelAdvisor Corp has a one year low of $14.25 and a one year high of $44.08. The stock’s 50-day moving average is $38.10 and its 200-day moving average is $30.79. The company’s market cap is $920.7 million.
ChannelAdvisor Corp (NASDAQ:ECOM) last posted its quarterly earnings results on Monday, October 28th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.09. The company had revenue of $16.60 million for the quarter, compared to the consensus estimate of $15.86 million. The company’s revenue for the quarter was up 27.7% on a year-over-year basis. Analysts expect that ChannelAdvisor Corp will post $-0.89 EPS for the current fiscal year.
Separately, analysts at Stifel Nicolaus raised their price target on shares of ChannelAdvisor Corp from $38.00 to $42.00 in a research note to investors on Friday, December 6th. They now have a “buy” rating on the stock. Five research analysts have rated the stock with a buy rating, ChannelAdvisor Corp currently has an average rating of “Buy” and an average target price of $33.17.
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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