Susquehanna Sees j2 Global Communications (JCOM) Doubling

Susquehanna analyst Shyam Patil reiterated a Positive rating and $120.00 price target on j2 Global Communications (NASDAQ: JCOM) after a widely publicized short report on JCOM was recently released, and the company effectively responded to the criticisms. This pressure on top of existing market pressures has the stock trading at ~6.5x EV/2020 EBITDA and ~6x EV/2021 EBITDA, both more than two turns below the NTM EV/EBITDA two-year mean.

The analyst stated "With the valuation bottomed out, downside is limited, and we believe the stock is set up to double from here to reach our $120 price target as the company executes on its strategy". "JCOM remains in a strong position for M&A when it feels ready to transact again as the balance sheet is solid (over $500m in gross cash). As JCOM synergizes recent deals and layers on incremental M&A overtime, we expect value to be created, numbers to move higher, and the stock price to follow".

For an analyst ratings summary and ratings history on j2 Global Communications click here. For more ratings news on j2 Global Communications click here.

Shares of j2 Global Communications closed at $55.46 yesterday.

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