Bankrate (RATE) Receives Price Target

Bankrate (RATE) : 4 investment research analysts covering Bankrate (RATE) have an average price target of $13 for the near short term. The highest target price given by the Brokerage Firm to the stock is $20 and the lowest target is $9 for the short term. Analysts expect the variance to be within $5.4 of the average price.

Bankrate (RATE) : 4 analysts are covering Bankrate (RATE) and their average rating on the stock is 2.25, which is read as a Buy. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Bankrate (RATE) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, Loop Capital initiates coverage on Bankrate (NYSE:RATE). The rating major has initiated the coverage with hold rating on the shares. The Analysts at Loop Capital announces a current price target of $9 per share. The rating by the firm was issued on August 11, 2016.

Bankrate (NYSE:RATE): The stock opened at $7.86 on Thursday but the bulls could not build on the opening and the stock topped out at $7.93 for the day. The stock traded down to $7.71 during the day, due to lack of any buying support eventually closed down at $7.79 with a loss of -0.64% for the day. The stock had closed at $7.84 on the previous day. The total traded volume was 474,349 shares.

Bankrate, Inc. (Bankrate) is a publisher, aggregator and distributor of personal finance content on the Internet. The Company provides consumers personal finance editorial content across multiple vertical categories, including mortgages, deposits, insurance, credit cards, senior care and other personal finance categories. It operates through segments, including Banking, Credit Cards, Insurance and Other. Through its brand, it provides consumer inquiries to advertisers that are listed in its mortgage and deposit rate tables and that hyperlink their listings. It provides consumer inquiries to credit card issuers and principally record sales after the credit card issuers approve the consumers credit application, primarily through its Credi

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