Roth Capital analyst Jeff Martin upgraded Perion Network (PERI) to Buy from Neutral with a price target of $14, up from $9. The the business has “turned the corner” with momentum building in its Advertising segment and is positioned for a return to positive year-over-year comparisons, with growth acceleration accompanied by margin expansion, the analyst tells investors in a research note. The firm says Perion’s acquisition of Greenbids “substantially widens” the company’s total addressable market. Perion has also accelerated its share repurchase program, adds Roth.
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