Youbet.com (UBET)

[mrktmaker]

NEW YORK, June 15 (newratings.com) - Analyst Ryan L Worst of Brean Murray maintains his "strong buy" rating on Youbet.com (UBET.NAS). The target price is set to $7.50.

In a research note published this morning, the analyst mentions that betting on the company’s website at its Belmont Stakes Day increased 14% to $3.8 million. Despite robust fundamentals, Youbet.com’s share price continues to be under pressure, likely on account of legislative issues relating to internet gaming, the analyst adds. The weakness in the company’s share price presents an attractive investment opportunity, according to Brean Murray.