Short Term Price Target on Marketo (MKTO)

Marketo (NASDAQ:MKTO) : The most positive equity analysts on Marketo (NASDAQ:MKTO) expects the shares to touch $37, whereas, the least positive believes that the stock will trade at $26 in the short term. The company is covered by 8 Wall Street Brokerage Firms. The average price target for shares are $33.5 with an expected fluctuation of $3.65 from the mean.

Marketo, Inc. has lost 0.17% in the last five trading days and dropped 0.97% in the last 4 weeks. Marketo, Inc. is up 81.73% in the last 3-month period. Year-to-Date the stock performance stands at 21.28%. Also, Brokerage firm JMP Securities downgrades its rating on Marketo (NASDAQ:MKTO). The shares have been rated Market Perform. Previously, the analysts had a Market Outperform rating on the shares. The rating by the firm was issued on June 15, 2016.

Marketo (NASDAQ:MKTO) : The consensus on Marketo (NASDAQ:MKTO) based on 11 analyst recommendation on the company stock is 3, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 11 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Marketo (NASDAQ:MKTO): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $34.76 and $34.68 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $34.90. The buying momentum continued till the end and the stock did not give up its gains. It closed at $34.82, notching a gain of 0.40% for the day. The total traded volume was 3,663,419 . The stock had closed at $34.68 on the previous day.

In an insider trading activity,The director officer (President, CEO & Chairman) of Marketo, Inc., Fernandez Phillip M sold 21,600 shares at $35.03 on June 14, 2016. The Insider selling transaction had a total value worth of $756,648. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Marketo, Inc. (Marketo) is engaged in providing cloud-based marketing solutions platform for the organizations ranging from small and medium businesses to largest enterprises, to engage in modern relationship marketing. The Companys platform provides the execution, management and analytical measurement of online, social, mobile and offline marketing activities and customer interactions in multi-channel business environment. The Companys platform offers an integrated suite of applications, which include marketing automation, sales insight, revenue analytics, marketing calendar, real-time personalization and social marketing. Its applications are complemented by the Marketo Marketing Nation, a network of more than 400 third-party solutions through the Companys LaunchPoint ecosystem. The Company has approximately 3,794 customers across a range of industries, including business services, consumer, financial services, healthcare, manufacturing, media, technology and telecommunications.

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