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Analysts at William Blair started coverage on shares of Borderfree (NASDAQ:BRDR) in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.

Several other analysts have also recently commented on the stock. Analysts at Needham & Company LLC initiated coverage on shares of Borderfree in a research note on Tuesday. They set a “buy” rating on the stock. Separately, analysts at Pacific Crest initiated coverage on shares of Borderfree in a research note on Tuesday. They set an “outperform” rating and a $20.00 price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Borderfree in a research note on Tuesday. They now have a $18.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Borderfree has a consensus rating of “Buy” and an average target price of $20.00.

Shares of Borderfree (NASDAQ:BRDR) opened at 14.43 on Tuesday. Borderfree has a one year low of $13.29 and a one year high of $21.25. The stock’s 50-day moving average is $16.84 and its 200-day moving average is $16.84. The company’s market cap is $439.8 million.

FiftyOne, Inc also known as FiftyOne Global Ecommerce is a United States-based Company, which provides an international online sales platform.

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