AOL (AOL) Target Lifted to $57 at Needham & Company

February 3, 2014 8:53 AM EST Send to a Friend
Get Alerts AOL Hot Sheet
Price: $45.63 +0.37%

Rating Summary:
    13 Buy, 10 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 18 | New: 41
Trade AOL Now!
Join SI Premium – FREE
Needham & Company analyst Laura Martin raised estimates and her price target on Buy-rated AOL, Inc. (NYSE: AOL) from $46 to $57 ahead of Q4 results.

Martin said, "We raise our 4Q13 estimates based on comments made by management at a recent competitor conference. We now estimate 4Q13 Revenue of $654mm (up 9% y/y and 2% above our previous estimate), Reported EPS of $0.47 (up from $0.43), and Operating EPS of $0.59 (up 9% y/y and 7% above our prior estimate). We also raise our full year 2014 estimates for revenue to $2.516B (up 10% y/y and 3% above our previous estimates), Reported EPS to $1.17 from $1.12, and Operating EPS to $2.46 from $2.42. Owing to AOL's operating momentum, our higher FY14 estimates and AOL's strategic momentum, we raise our Target Price to $57 (from $46), 24% above current trading levels."

For an analyst ratings summary and ratings history on AOL, Inc. click here. For more ratings news on AOL, Inc. click here.

Shares of AOL, Inc. closed at $46.08 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst EPS Change, Analyst PT Change

Related Entities

Needham & Company

Add Your Comment