ChannelAdvisor: After The Crash, Once Again Attractively Priced For Growth
- ECOM crashed 30% last week after Q2 earnings revealed customer growth that fell short of expectations.
- This one metric alone does not paint a complete picture of ECOM’s growth prospects, and should not be taken in isolation.
- While there are certainly risks to keep an eye on going forward, ECOM remains poised for growth and is attractively priced after the sell-off.
- Reasonable assumptions show ECOM is worth at least $20 and possibly as much as $40, representing between 25% and 150% upside from current prices.