Needham & Company Reiterate Buy on Bazaarvoice (BV) Following Analyst Day

Needham & Company reiterate a Buy rating and $9.00 price target on Bazaarvoice (NASDAQ: BV) following an analyst day. analyst Scott Berg said that BV's operations continue to improve under the new management team.

Berg commented, "We reiterate our Buy rating after attending BV's annual customer conference and analyst day yesterday. We came away from the conference with a higher conviction that the company's operations (including sales, product management, and customer support) continue to improve under the new management team. We believe the current strategy has positioned the company well not only to improve retention and accelerate sales execution over the next 12 months but also to meaningfully expand its TAM. We note that the competitive dynamics pressuring price remain, but we have become more comfortable that they could ease somewhat by end of CY15."

For an analyst ratings summary and ratings history on Bazaarvoice click here. For more ratings news on Bazaarvoice click here.

Shares of Bazaarvoice closed at $5.66 yesterday.

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