iClick Interactive Asia Group Ltd (ICLK)

[martych]

Wedbush commented on Interclick (NASDAQ: ICLK). In the report, Wedbush was positive on its outlook for the company.

Wedbush writes, “Market share gains expected to continue as revenue growth outpaces competition through 2011. Interclick's strong revenue growth highlights the competitive advantage of its Open Segment manager platform to identify target audiences that deliver high ROI online advertising campaigns. We believe interclick's competitive advantage translates into increased spending per campaign. We are also encouraged by the addressable market expansion provided by the recently launched video advertising solution and the initial traction it has garnered. The revenue growth, coupled with management's focus on containing costs, should boost EBITDA margin to higher levels.”

Wedbush has an Outperform rating on the company and a price target of $9. Shares of Interclick closed the trading day yesterday at $7.25, down $0.19 from the open.
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Read more: http://www.benzinga.com/analyst-ratings/analyst-color/11/05/1074849/wedbush-reports-on-interclick-iclk#ixzz1M34GYt98