Pulse Network (NASDAQ:TPNI) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Friday, Analyst Ratings News reports. The firm currently has a $0.54 price objective on the stock. Zacks‘ target price would suggest a potential upside of 468.42% from the company’s current price.
Zacks‘ analyst wrote, “The Pulse Network operates in the rapidly growing digital market space. It is a cloud based platform focused on content marketing and event solutions designed to improve clients’ engagement with customers and generate leads for new opportunities. Secular trends are likely to be a positive tailwind for Pulse’s growth, in our view, as the internet transforms the way buyers gather information and engage with vendors. The company recently announced that its flagship IMS event was so successful that Pulse would expand it to 10 cities in 2014, which we believe will help to grow the brand and, in turn, boost revenue.”
Pulse Network (NASDAQ:TPNI) remained flat at $0.095 during trading on Friday. 68,739 shares of the company’s stock traded hands. Pulse Network has a one year low of $0.054 and a one year high of $0.60. The stock’s 50-day moving average is $0.12 and its 200-day moving average is $0.35. The company’s market cap is $8.6 million.
The Pulse Network, Inc (NASDAQ:TPNI), formerly iSoft International Inc, incorporated on March 9, 2011, provides a service to businesses to create a platform for delivering content, primarily video but also written and curated content, integrated with digital, social media and offline event strategies.
To view Zacks’ full report, visit www.zacks.com
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