- Calling the "depth & breadth" of integrations a "key differentiating factor," Northland reinstates coverage of Stamps.com (NASDAQ:STMP) with an Outperform rating and $245 price target.
- The firm says STMP's current valuation assumes "significant underperformance" relative to the e-commerce market, which is expected to remain a 10%+ growth industry.
- Stamps.com shares are flat pre-market at $174.97.
- Earlier this month, STMP reported mixed Q1 results.