Marketo Seen With Strong Growth But Profit Elusive

By | April 9, 2014

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Marketo (MKTO) has an opportunity to cash in on growing market, but the company likely has a way to go before it become profitable. That’s the assessment from Richard Davis, an analyst for Canaccord Genuity, after attending the company’s annual user conference and analyst day meeting on Tuesday. Marketo provides cloud marketing software and services to companies. In a research report Wednesday, Davis lowered his price target on Marketo stock to 40 Scalper1 News

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