As I noted in yesterday’s Radar Report, Omniture (OMTR) reported earnings after the close. While they guided for revenues of $26 million to $27 million in the March quarter, with earnings of zero to one cent a share, the Street consensus was two cents. Omniture also guided the yearly estimate to $128 million to $130 million in sales, with pro forma profits of seven cents to nine cents a share. Again, the Street’s consensus was higher at 17 cents.

The stock initially dropped $1.50 in yesterday’s after market trading on the news. And it dropped even further today, down $2.88 from yesterday’s close.

Omniture is an online service that runs business optimization software for corporate marketing departments. The opportunity for growth in this field is enormous, and I think the stock’s current dip is creating a great buying opportunity. So, I’m raising the buy limit to $15 so that you can start a new position now, or add to a current one. I’m also lifting the target $2 to $22.