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Equities researchers at Needham & Company LLC initiated coverage on shares of Borderfree (NASDAQ:BRDR) in a research report issued on Tuesday, AnalystRatingsNetwork.com reports. The firm set a “buy” rating and a $20.00 price target on the stock. Needham & Company LLC’s price target indicates a potential upside of 38.60% from the company’s current price.

Borderfree (NASDAQ:BRDR) opened at 14.43 on Tuesday. Borderfree has a 52-week low of $13.29 and a 52-week high of $21.25. The stock has a 50-day moving average of $16.84 and a 200-day moving average of $16.84. The company’s market cap is $439.8 million.

A number of other analysts have also recently weighed in on BRDR. 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. Separately, 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. Finally, analysts at Credit Suisse initiated coverage on shares of Borderfree in a research note on Tuesday. They set an “outperform” rating and a $25.00 price target on the stock. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $20.00.

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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