RBC Capital Keeps Their Hold Rating on RetailMeNot

By Austin Angelo

In a report released yesterday, Mark Mahaney from RBC Capital reiterated a Hold rating on RetailMeNot (NASDAQ: SALE), with a price target of $11.60. The company’s shares opened today at $11.58.

According to TipRanks.com, Mahaney is a top 100 analyst with an average return of 18.7% and a 70.7% success rate. Mahaney covers the Technology sector, focusing on stocks such as Quotient Technology Inc, IAC/InterActiveCorp, and Angie’s List Inc.

RetailMeNot has an analyst consensus of Hold, with a price target consensus of $11.73.

The company has a one year high of $12.93 and a one year low of $6.83. Currently, RetailMeNot has an average volume of 709.9K.

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RetailMeNot, Inc. operates as a digital coupon marketplace. It operates through the Gift Card and Core segments. The Gift Card segment consists of the marketplace for gift cards. The Core segment handles all of the other products and services that are related to the marketplace for digital offers. The company was founded by Cotter G. Cunningham in May 2007 and is headquartered in Austin, TX.