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ChannelAdvisor price target raised to $17 from $12 at Needham. Needham analyst Scott Berg raised his price target on ChannelAdvisor to $17 and kept his Buy rating after its Q1 results came in better than the pre-announcement. The analyst says that variable revenues outperformed, which indicates that the company's re-pricing module could mitigate the possibility of reduced 1st party sales. Berg adds that the "strong execution" in Q1 appears to have been sustained into early Q1, forecasting a return to a "more consistent double digit revenue growth rate exiting FY18".

ChannelAdvisor price target raised to $17 from $13 at DA Davidson. DA Davidson analyst Tom Forte raised his price target on ChannelAdvisor to $17, citing his "confidence in multiple initiatives" expected to grow sales and expand margins, including lowering churn and adding resellers. The analyst also kept his Buy rating despite the Q1 earnings miss and below-consensus Q2 revenue, noting that ChannelAdvisor had already positively pre-announced Q1 results while attributing the lower guidance to higher expenses from Catalyst 2018.

ChannelAdvisor price target raised to $14 from $9 at Baird. Baird analyst Colin Sebastian says a broader product offering and improved sales execution is driving better results at ChannelAdvisor. Following the company's Q1 upside, the analyst raised his price target for the shares to $14 from $9. He also believes the company's outlook for Q2 is conservative. Sebastian keeps a Neutral rating on ChannelAdvisor.