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Fly News Breaks for December 11, 2018
BCOV
Dec 11, 2018 | 08:43 EDT
B. Riley FBR analyst Sameet Sinha upgraded Brightcove to Buy from Neutral and raised his price target for the shares to $12 from $7. The company's restructuring and strategy overhaul position it for double digit revenue growth, in line with the newly identified $1.6B video total addressable market, Sinha tells investors in a research note. Further, he believes Brightcove's competitive environment is easing as competition appears to be focusing on adjacent markets and customers.
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