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Millennial Media Inc. (MM) Message Board

  • palosparkflash palosparkflash Feb 20, 2013 11:17 AM Flag

    Where are the lowered priced targets?

    I only saw one lowered price target by Morgan Stanley to $14. Is that the only analyst that lowered target price? If so, then this implies the future is not as bleak as price action today.

    Sentiment: Buy

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    • 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

      • 1 Reply to pc4me58
      • 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.