Northland Securities began coverage on shares of CommerceHub (NASDAQ:CHUBA) in a research report report published on Thursday, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $28.00 target price on the technology company’s stock.
A number of other equities analysts have also weighed in on CHUBA. DA Davidson started coverage on CommerceHub in a research report on Friday, September 22nd. They issued a buy rating and a $27.00 price target for the company. Wedbush reiterated an outperform rating and issued a $26.00 price target (up previously from $22.00) on shares of CommerceHub in a research report on Monday, October 2nd. Dougherty & Co started coverage on CommerceHub in a research report on Tuesday, October 31st. They issued a buy rating and a $27.00 price target for the company. Zacks Investment Research upgraded CommerceHub from a hold rating to a buy rating and set a $24.00 price target for the company in a research report on Tuesday, November 14th. Finally, Oppenheimer started coverage on CommerceHub in a research report on Friday, December 22nd. They issued a market perform rating for the company. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $26.17.
CommerceHub (NASDAQ CHUBA) opened at $21.99 on Thursday. CommerceHub has a fifty-two week low of $13.74 and a fifty-two week high of $24.53. The stock has a market capitalization of $952.50 and a PE ratio of 78.54.
CommerceHub, Inc is a provider of cloud-based e-commerce fulfillment and marketing solutions that integrate supply, demand and delivery for retailers and consumer brands, manufacturers and distributors. The Company’s end-to-end solutions are provided through the CommerceHub software platform, a hub that streamlines integration and enables transactions among its retailer and supplier customers and their other trading partners, while also enabling them to access the online marketplaces, search engines, social and product advertising and other digital marketing channels where consumers browse and buy.
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