Rocket Fuel Given Consensus Rating of “Hold” by Brokerages (NASDAQ:FUEL)
Shares of Rocket Fuel (NASDAQ:FUEL) have received an average recommendation of “Hold” from the ten brokerages that are presently covering the stock, Analyst Ratings.Net reports. Five research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $30.75.
Rocket Fuel (NASDAQ:FUEL) opened at 15.39 on Friday. Rocket Fuel has a 52-week low of $14.98 and a 52-week high of $71.89. The stock has a 50-day moving average of $22.76 and a 200-day moving average of $34.30. The company’s market cap is $551.8 million.
Rocket Fuel (NASDAQ:FUEL) last posted its quarterly 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. On average, analysts predict that Rocket Fuel will post $-0.58 earnings per share for the current fiscal year.
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, 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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