After Stifel Nicolaus and Raymond James gave Perion Network (NASDAQ: PERI) a Buy rating last month, the company received another Buy, this time from Needham. Analyst Laura Martin maintained a Buy rating on Perion Network today and set a price target of $32.00. The company’s shares closed last Wednesday at $21.26.
According to TipRanks.com, Martin is a 1-star analyst with an average return of -0.4% and a 40.6% success rate. Martin covers the Services sector, focusing on stocks such as Chicken Soup For The Soul Entertainment, Tremor International, and CuriosityStream.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Perion Network with a $30.50 average price target, implying a 47.1% upside from current levels. In a report issued on July 26, Raymond James also maintained a Buy rating on the stock with a $25.00 price target.
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Perion Network’s market cap is currently $864.9M and has a P/E ratio of 14.45.
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Perion Network Ltd. is a global technology company, which engages in the provision of advertising solutions to brands and publishers through innovative platforms. It is committed to providing data-driven execution, from high-impact ad formats to branded search and a unified social and mobile programmatic platform. It offers the following business solutions: Undertone, which connects brands to consumers using engaging creatives; Code Fuel, which enables developers to optimize search traffic and generate incremental revenue; MakeMeReach, an automated social management platform that help ad performance across Facebook, Twitter, Instagram, and Snapchat; and Smilebox, a desktop and mobile applications. The company was founded by Ofer Adler and Yaron Adler in November 1999 and is headquartered Holon, Israel.
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