ORLANDO, Fla., Sept. 13, 2006 (PRIMEZONE) -- RedChip Independent, a division of RedChip Companies, announced today that they have updated research on Greenfield Online, Inc. (Nasdaq:SRVY).
Lisa Springer, CFA, RedChip Research Analyst, wrote in the report:
"We initiated coverage on Greenfield Online last October with a Speculative Buy rating and an $8.11 price target, citing the company's blue chip quality customer base and success in penetrating new geographic markets as reasons to invest. As a result of the company's upward revision in EBITDA guidance, we are raising our target price to $10.50. At $10.50 per share, Greenfield Online trades at only thirteen times projected 2006 EBITDA and well below the fifteen times price/EBITDA multiple of competitor Harris Interactive."
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RedChip Independent Research Disclosure
The analysts contributing to this report do not hold any shares of SRVY. Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. RedChip certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analyst in the report. Additional information on the securities mentioned in this report is available upon request. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.
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