Rosenblatt analyst Steve Frankel upgraded Brightcove to Buy from Neutral with a price target of $10, up from $8, ahead of the company’s Q4 results on February 23. The analyst is not making a call on the quarter, rather expressing confidence that Brightcove CEO Marc DeBevoise has put the company on a path to deliver improved revenue growth in 2023 as several new initiatives begin to impact the business. Longer term, management believes the business can support sustainable double-digit revenue growth, the analyst tells investors in a research note.
Published first on TheFly
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