Alert: Rating Upgrade (4/1/21)-Brightcove Inc (NASDAQ: BCOV).

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Stock Rating Upgrade

During the last several trading days the Value Trend Rating for Brightcove Inc (NASDAQ: BCOV) improved from C to B reflecting improving fundamentals and high Appreciation Potential.

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Recent Price Action

On 4/1/21, Brightcove Inc (NASDAQ: BCOV) stock enjoyed a very large increase of 5.8%, closing at $21.29. However, this advance was accompanied by unusually low trading volume at 57% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 3.9% during the last week.

Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, BCOV is expected to continue to be a major Value Builder.

Brightcove has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Brightcove has a slightly negative Appreciation Score of 34 but a very high Power Rating of 89, producing the Positive Value Trend Rating.

About John Lafferty 92875 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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