ChannelAdvisor climbs, Stifel bullish on Nov. and Dec. SSS metrics

|About: ChannelAdvisor Corp (ECOM)|By:, SA News Editor

Shares of ChannelAdvisor (ECOM +6.4%) move up, potentially on a bullish note from Stifel Nicolaus that reiterates a Buy rating and raises the firm's PT to $42 from $38.

Analyst Brad Reback noted that although ChannelAdvisor's Nov. same-store sales results appear to indicate meaningful deceleration at a cursory level, "most of this is just optical and due to a shifting in the holiday season ... if ECOM's results are adjusted for ... timing issues ... the trends are very strong ... SSS on Amazon increased 37.1% and SSS on eBay accelerated to 23.3%."

Given this, and Reback's belief that Dec. results will be "very strong," the analyst is confident ECOM is positioned to exceed his Q4 revenue forecast of $19.8M (consensus is a tad higher, at $19.83M).