Brightcove (BCOV) Receives Price Target

Brightcove (BCOV) : The highest short term price target forecast on Brightcove (BCOV) is $17 and the lowest target price is $11. A total of 5 equity analysts are currently covering the company. The average price of all the analysts is $13.8 with a standard deviation of $2.28.

Brightcove (BCOV) : 4 brokerage houses believe that Brightcove (BCOV) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Brightcove (BCOV). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 6 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.5.


Brightcove (NASDAQ:BCOV): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.75 and $12.75 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.06. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.02, notching a gain of 1.01% for the day. The total traded volume was 487,389 . The stock had closed at $12.89 on the previous day.

Brightcove Inc. (Brightcove) is a provider of cloud-based services for video. The Companys flagship product Brightcove Video Cloud (or) Video Cloud is the online video platform which enables its customers to publish and distribute video to Internet-connected devices. Its other products and services include Brightcove Zencoder (Zencoder), Brightcove Once (Once), Brightcove Gallery (Gallery), Brightcove Perform (Perform) and Brightcove Video Marketing Suite (Video Marketing Suite). Zencoder is a cloud-based video encoding service. Once is a cloud-based ad insertion and video stitching service. Gallery is a cloud-based service that enables customers to create and publish video portals. Perform is a cloud-based service for creating and managing video player experiences. Video Marketing Suite is a suite of video technologies. It provides its solutions to media companies, broadcasters, brands and corporations, as well as Governments, educational institutions and non-profit organizations.

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