| 2018-04-12 08:32:20|
QNST 08:32 04/12 04/12/18
QuinStreet short report creates buying opportunity, says Barrington
Barrington analyst James Goss says the 20% pullback yesterday in shares of QuinStreet following a short report "sets up a substantial buying opportunity." The key figure in last night's Q3 preannouncement was revenue growth that "well exceeded" estimates heading into the quarter, Goss tells investors in a research note. He believes QuinStreet's full-year guidance appears "increasingly conservative." The analyst keeps an Outperform rating on the shares with a $15 price target.