Blue Nile (NILE) PT Lifted to $35 at RBC Capital on 'Much Better Than Feared' Q3

RBC Capital analyst Rohit Kulkarni boosted his price target on Blue Nile (NASDAQ: NILE) to $35.00 (from $26.00) following Q3 results but maintained a Sector Perform rating.

"NILE posted an in-line Q3 result, much better than feared, and reiterated 2014 guidance," Kulkarni siad. "Investments from past 18 months appear to be paying off. And, NILE’s top-line benefited from discounted pricing & stable diamond prices. But, we maintain our Sector Perform rating, with shares +30% over past couple months (trading at 25x ‘15E P/E)."

The firm's 2014 revenue/EBITDA estimates go up by 1% each, and are in line with guidance.

For an analyst ratings summary and ratings history on Blue Nile click here. For more ratings news on Blue Nile click here.

Shares of Blue Nile closed at $30.36 yesterday.

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