Blucora Price Target Lowered to $21.00 at Wedbush (BCOR)
Stock analysts at Wedbush decreased their target price on shares of Blucora (NASDAQ:BCOR) from $24.00 to $21.00 in a report issued on Friday. Wedbush’s price objective would suggest a potential upside of 33.25% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Barrington Research reiterated a “buy” rating on shares of Blucora in a research note on Friday. Analysts at Zacks reiterated a “buy” rating on shares of Blucora in a research note on Friday. They now have a $27.00 price target on the stock, down previously from $28.00. One investment analyst has rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $24.25.
Blucora (NASDAQ:BCOR) opened at 15.76 on Friday. Blucora has a 1-year low of $15.28 and a 1-year high of $30.12. The stock’s 50-day moving average is $17.66 and its 200-day moving average is $19.62. The company has a market cap of $666.0 million and a P/E ratio of 27.57.
Blucora (NASDAQ:BCOR) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.48 by $0.07. The company had revenue of $141.60 million for the quarter, compared to the consensus estimate of $139.66 million. During the same quarter in the prior year, the company posted $0.58 earnings per share. The company’s quarterly revenue was up 20.8% on a year-over-year basis. On average, analysts predict that Blucora will post $2.10 earnings per share for the current fiscal year.
Blucora, Inc, formerly InfoSpace, Inc, is a provider of online solutions for consumers and business partners.
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