In a report released today, Jason Helfstein from Oppenheimer maintained a Buy rating on Perion Network (PERI – Research Report), with a price target of $30.00. The company’s shares closed last Monday at $21.44.
According to TipRanks.com, Helfstein is a top 25 analyst with an average return of 42.4% and a 72.5% success rate. Helfstein covers the Technology sector, focusing on stocks such as Opendoor Technologies, Zillow Group Class C, and Fiverr International.
Currently, the analyst consensus on Perion Network is a Strong Buy with an average price target of $26.40, which is a 26.2% upside from current levels. In a report released today, Lake Street also maintained a Buy rating on the stock with a $29.00 price target.
Perion Network’s market cap is currently $631.7M and has a P/E ratio of 46.40. The company has a Price to Book ratio of 2.57.
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Perion Network Ltd. is a global technology company, which engages in the provision of advertising solutions to brands and publishers through innovative platforms. It is committed to providing data-driven execution, from high-impact ad formats to branded search and a unified social and mobile programmatic platform. It offers the following business solutions: Undertone, which connects brands to consumers using engaging creatives; Code Fuel, which enables developers to optimize search traffic and generate incremental revenue; MakeMeReach, an automated social management platform that help ad performance across Facebook, Twitter, Instagram, and Snapchat; and Smilebox, a desktop and mobile applications. The company was founded by Ofer Adler and Yaron Adler in November 1999 and is headquartered Holon, Israel.