Rocket Fuel Receives Consensus Recommendation of “Hold” from Brokerages (NASDAQ:FUEL)
Rocket Fuel (NASDAQ:FUEL) has received an average recommendation of “Hold” from the ten brokerages that are covering the company, Analyst Ratings Network.com reports. Five investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $30.75.
A number of analysts have recently weighed in on FUEL shares. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Rocket Fuel in a research note on Wednesday, August 6th. They now have a $40.00 price target on the stock, down previously from $58.00. Separately, analysts at Piper Jaffray cut their price target on shares of Rocket Fuel from $60.00 to $40.00 in a research note on Wednesday, August 6th. Finally, analysts at Oppenheimer cut their price target on shares of Rocket Fuel from $44.00 to $31.00 in a research note on Wednesday, August 6th. They now have an “outperform” rating on the stock.
Rocket Fuel (NASDAQ:FUEL) opened at 15.63 on Friday. Rocket Fuel has a 52-week low of $14.98 and a 52-week high of $71.89. The stock’s 50-day moving average is $23.59 and its 200-day moving average is $35.. The company’s market cap is $549.7 million.
Rocket Fuel (NASDAQ:FUEL) last announced its earnings results on Tuesday, August 5th. The company reported ($0.11) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.22) by $0.11. The company had revenue of $92.60 million for the quarter, compared to the consensus estimate of $90.22 million. Rocket Fuel’s revenue was up 70.2% compared to the same quarter last year. Analysts expect that Rocket Fuel will post $-0.58 EPS for the current fiscal year.
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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