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Rocket Fuel (NASDAQ:FUEL) was downgraded by analysts at Goldman Sachs from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports. They currently have a $25.00 price objective on the stock, down from their previous price objective of $69.00. Goldman Sachs’ target price would suggest a potential upside of 14.52% from the stock’s previous close.

Shares of Rocket Fuel (NASDAQ:FUEL) traded down 21.50% during mid-day trading on Friday, hitting $21.83. The stock had a trading volume of 9,033,684 shares. Rocket Fuel has a 52-week low of $19.31 and a 52-week high of $71.89. The stock’s 50-day moving average is $37.42 and its 200-day moving average is $49.67. The company’s market cap is $765.2 million.

Rocket Fuel (NASDAQ:FUEL) last released its earnings data on Thursday, May 8th. The company reported ($0.18) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.30) by $0.12. The company had revenue of $74.40 million for the quarter, compared to the consensus estimate of $76.21 million. The company’s quarterly revenue was up 94.8% on a year-over-year basis. Analysts expect that Rocket Fuel will post $-0.26 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at First Analysis initiated coverage on shares of Rocket Fuel in a research note on Monday, May 5th. They set an “overweight” rating and a $45.00 price target on the stock. Separately, analysts at Evercore Partners upgraded shares of Rocket Fuel from an “underweight” rating to an “equal weight” rating in a research note on Thursday, May 1st. They now have a $30.00 price target on the stock, down previously from $40.00. Finally, analysts at BMO Capital Markets upgraded shares of Rocket Fuel from a “market perform” rating to an “outperform” rating in a research note on Monday, April 7th. They now have a $58.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Rocket Fuel presently has a consensus rating of “Buy” and an average target price of $43.44.

Rocket Fuel, Inc is a technology company that has developed an Artificial Intelligence and Big Data-driven predictive modeling and automated decision-making platform.

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