Morgan Stanley began coverage on shares of RetailMeNot (NASDAQ:SALE) in a research note issued on Tuesday, AnalystRatingsNetwork.com reports. The firm set an “equal weight” rating on the stock.
The analysts wrote, “RetailMeNot is the leading digital coupon marketplace with attractive growth prospects and a highly profitable model. However, the company is in the early stages of building a brand and current valuation largely reflects a favorable outlook. We initiate Equal-weight with a $28 DCF base case.”
Shares of RetailMeNot (NASDAQ:SALE) opened at 32.28 on Tuesday. RetailMeNot has a one year low of $26.12 and a one year high of $32.44. The stock’s 50-day moving average is currently $29.11. The company has a market cap of $1.621 billion and a P/E ratio of 65.08.
SALE has been the subject of a number of other recent research reports. Analysts at Jefferies Group initiated coverage on shares of RetailMeNot in a research note to investors on Tuesday. They set a “buy” rating and a $40.00 price target on the stock. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of RetailMeNot in a research note to investors on Tuesday. They set a “neutral” rating on the stock.
Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $39.00.
RetailMeNot, Inc operates digital coupon marketplace, connecting consumers with retailers and brands.