Equity Analyst Insights for RIMM, Velti, Youku.com, Urban Outfitters March 13th
Research In Motion Limited (NASDAQ:RIMM): After surveying IT managers, ThinkEquity believes that deployment of RIMM’s enterprise servers are eroding further. The firm thinks that the survey confirms its belief that RIMM’s fundamentals may not have bottomed yet, and it maintains a Hold rating on the stock.
Velti Plc (NASDAQ:VELT): Wells Fargo increased its valuation range on Velti after the company reported higher than expected Q4 EPS. The firm expects the company’s multiple to increase and it maintains an Outperform rating.
Youku.com Inc (ADR) (NYSE:YOKU): Brean Murray said yesterday’s acquisition of Tudou (TODO) by Youku.com (NYSE:YOKU) is a strategic positive but there is still limited visibility on profitability. The firm still sees margin pressures continuing but growth should remain on an uptrend given its leadership position in the sector. Shares remain Hold rated.
Urban Outfitters Inc. (NASDAQ:URBN): Baird said Urban Outfitters is not a cheap stock but its valuation does reflect long term growth potential. The firm anticipates a gradual improvement in 2013 citing expectations for cleaner inventory, merchandising enhancements, and improved sell-through rates from low levels. Shares remain Hold rated with a $30 price target.
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