“AOL has one of the most extensive online media portfolios in the market. AOL advertising revenues have grown for the past seven consecutive quarters, driven by mid-20% y/y growth in network revenues and mid-teens growth in domestic display revenues. We believe AOL’s domestic display is slowly turning the corner as the company’s devil ad formats have been gaining wider acceptance and domestic online ad spending continues to increase industry wide. AOL’s advertising.com has also been developing a robust ad tech stack, which we expect to be a significant driver of profitable growth near-term. Furthermore, we think the consortium with Yahoo!, AOL and Microsoft may squeeze more yield out of inventory.,” the firm’s analyst wrote.
A number of other firms have also recently commented on AOL. Analysts at TheStreet upgraded shares of AOL from a hold rating to a buy rating in a research note to investors on Wednesday, February 13th. Separately, analysts at Credit Suisse cut their price target on shares of AOL from $45.00 to $40.00 in a research note to investors on Tuesday, February 12th. Finally, analysts at Barclays Capital raised their price target on shares of AOL from $37.00 to $38.00 in a research note to investors on Monday, February 11th. They now have an equal weight rating on the stock.
Shares of AOL opened at 37.59 on Wednesday. AOL has a one year low of $16.80 and a one year high of $43.93. The stock’s 50-day moving average is currently $32.. The company has a market cap of $2.879 billion and a P/E ratio of 3.35.
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