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Fly News Breaks for February 23, 2017
DMRC
Feb 23, 2017 | 09:05 EDT
Needham analyst James Ricchiuti lowered his price target for Digimarc to $33 from $40 after the company reported a slightly larger than expected Q4 loss resulting from slower revenue growth of 3%. The analyst believes investors should focus on the long-term opportunity of Digimarc's barcode technology rather than quarterly results, which are likely to remain highly variable at this early stage of commercial adoption of the Digimarc Barcode and Discover platform. He reiterates a Buy rating on the shares.
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