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Omniture (OMTR) on the rise! (Id: 001)

posted Jun 11, 2009, 11:56 AM by Mohit Kumar
Omniture Inc. (OMTR)
While our portfolio continues to outperform the market, let us take a peek at our recent addition Omniture Inc. (OMTR). Just under 3 weeks from being added to our portfolio, OMTR has surged over 30%!! Great!!
So whats the deal?? Well, a few analysts suddenly woke up to reality! The stock they were rubbishing over last few months suddenly seems appealing to them and OMTR received multiple upgrades! Here are some points they called out:
  • Current valuations underestimate the core cash flow growth potential
  • OMTR is well-positioned to be one of the strongest growers in the group.
  • drives 25%+ cash flow growth
  • OMTR trades at a 20%+ discount to the software group avg.
  • Price target of $18
Folks, each of these statements were true even 3 months back! Yet again, we have learned how we may benefit by being ahead of the herd and adding fundamentally strong stocks which the market is ignoring. That said, being a volatile stock it is, we may see a pull-back. Many of you reported purchase of OMTR minutes after it was recommended. You may choose to cash out a portion of it or patiently wait for potentially higher returns. Despite of missing estimates last quarter, OMTR earned more than 150 new customers! This would push its growth going forward! Folks, those who missed out on the rally, do keep OMTR in your radar!