MeetMe Stock Climbing on Canaccord Rating

Shares of MeetMe (MEET) were gaining by 3.64% to $5.38 on Monday afternoon, after Canaccord Genuity set a "buy" rating and a $10 price target on the social networking company.

The firm cited MeetMe's incremental growth potential, revenue from acquisitions, and the launch of its video livestreaming capabilities as reasons for their rating.

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