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STMP - Stamps.com resumed bullish at Northland on integration strength
Stamps.com Inc.
Calling the "depth & breadth" of integrations a "key differentiating factor," Northland reinstates coverage of Stamps.com (STMP) with an Outperform rating and $245 price target.The firm says STMP's current valuation assumes "significant underperformance" relative to the e-commerce market, which is expected to remain a 10%+ growth industry.Stamps.com shares are flat pre-market at $174.97.Earlier this month, STMP reported mixed Q1 results.