QuinStreet price target raised to $27 from $23 at Stephens

Stephens raised the firm’s price target on QuinStreet (QNST) to $27 from $23 and keeps an Overweight rating on the shares. A new quarterly revenue record “importantly” came with margin expansion that helped fuel enough quarterly EBITDA to match the prior fiscal year’s annual total, the analyst tells investors. While the surge in the insurance channel is serving up a rising tide for the aggregator revenue dynamic, the firm thinks that QuinStreet “appears to be distancing itself from the competitor set,” the analyst tells investors.