The Benchmark Company Sees Potential Upside Driver For Blucora

In a report published Tuesday, The Benchmark Company analyst Daniel L. Kurnos reiterated a Buy rating and $29.00 price target on Blucora (NASDAQ: BCOR).

In the report, The Benchmark Company noted, “We recently spoke with Blucora (BCOR-Buy, PT $29) management at Benchmark's 1-on-1 investor conference and came away feeling incrementally more positive. While we acknowledge that management faces a credibility issue given the challenges in Search and at Monoprice, we believe the long-term technology changes put in place could drive outperformance over the medium-term.

"Furthermore, at under $19 per share, we continue to believe both the Search and Ecommerce assets are being attributed no value, with TaxACT + the PV of BCOR's NOLs equating to $19.10 in value. Blucora remains one of our top value picks.”

Blucora closed on Monday at $18.79.