Marketo price target lowered to $40 form $52 at Canaccord Canaccord lowered its price target on Marketo following its Analyst Day. the firm feels there is potential downside to the shares as the company is still generating losses and the value may still need to come down to reflect that. Canaccord believes the stock is a Buy here as it is unlikely the company is anywhere near saturation.
Marketo pullback yesterday a buying opportunity, says JMP Securities JMP Securities recommends using yesterday's 8% pullback in shares of Marketo as a buying opportunity. The firm raised its Q3 billings estimate to $39M from $38.2M and believes the tone of the business is strong. It keep an Outperform rating on the stock with a $50 price target.