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Fly News Breaks for December 6, 2016
MEET
Dec 6, 2016 | 08:45 EDT
Roth Capital analyst Darren Aftahi believes MeetMe's 14% year over year November U.S. CPM growth substantiates that its fundamentals remain intact, contrary to recent weakness in the stock. The analyst's marketing meetings with management and investors also suggest both video and international remain catalysts for the New Year. Even with the up move in the stock following reiteration of Q4 guidance, he believes valuation remains "highly attractive," especially in light of organic growth and free cash flow yield. Aftahi reiterates a Buy rating and $9.25 price target on the shares.
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