Monday July 7, 2014
B. Riley initiates coverage on Bazaarvoice (NASDAQ:BV) with a BUY rating and a $9.75 target.
We are pleased to see the first of several expected upgrades on Bazaarvoice announced today. We are anticipating more upgrades with double digit target prices near $12 to $14 will follow.
With an additional $30 million from the sale of PowerReviews and the recent purchase of FeedMagnet, a revolutionary"Branded Social Hub," Bazaarvoice is regaining traction.
Disclosure: The author is long BV.