An analyst who takes a stock to market nuetral with a price target that is 50% above the current market price should be fired. If any of us owned this company privately, we'd be thrilled at the lastest numbers. Revenue up 68%, margins higher, profitable. The market reaction is absurd
Janney Capital Markets analyst Richard Fetyko said the fourth-quarter snag does not change his bullish long-term view of the company. He said the revenue miss was due to a handful of brand advertiser campaigns not coming through to the extent expected and a shift in campaigns to advertising types that the company chooses not to handle. He also believes the company may be offering conservative guidance.