WebMD (WBMD) Guidance 'Optimistic', Says Analyst
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Price: $28.09 -2.02%
Rating Summary:
4 Buy, 5 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Rating Summary:
4 Buy, 5 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Trade WBMD Now!
WebMD Health Corp. (NASDAQ: WBMD) stock opened higher on Friday after the company reported better than expected Q4 revenue and guidance that was well ahead of the Street. This prompted analysts at Stifel to upgrade WebMD to Buy. Others on Wall Street are not convinced, and think WebMD's guidance might be overly optimistic.
Analyst Heath P. Terry of Goldman Sachs is among the naysayers. She thinks, given the lack of viability, guidance "could prove optimistic".
"While revenue declines are moderating, we believe WebMD will continue to be negatively affected by a fundamental change in the online pharma advertising market, the shift in use from desktop to mobile and increasing competition," she concluded.
Goldman Sachs has a Sell rating on WebMD Health Corp. with a modified price target of $11.00 (from $10.00).
For an analyst ratings summary and ratings history on WebMD Health Corp. (NASDAQ: WBMD) click here. For more ratings news on WebMD Health Corp. click here.
Shares of WebMD Health Corp. closed at $16.30 yesterday, with a 52 week range of $13.13-$26.49.
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Analyst Heath P. Terry of Goldman Sachs is among the naysayers. She thinks, given the lack of viability, guidance "could prove optimistic".
"While revenue declines are moderating, we believe WebMD will continue to be negatively affected by a fundamental change in the online pharma advertising market, the shift in use from desktop to mobile and increasing competition," she concluded.
Goldman Sachs has a Sell rating on WebMD Health Corp. with a modified price target of $11.00 (from $10.00).
For an analyst ratings summary and ratings history on WebMD Health Corp. (NASDAQ: WBMD) click here. For more ratings news on WebMD Health Corp. click here.
Shares of WebMD Health Corp. closed at $16.30 yesterday, with a 52 week range of $13.13-$26.49.
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