Goldman Cautiously Bullish on Online Stocks: Lifts Price Targets on GOOG, BIDU, AMZN, EBAY, YHOO
Get Alerts GOOG Hot Sheet
Price: $340.89 -0.77%
Rating Summary:
44 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
Rating Summary:
44 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
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Goldman Sachs made a sector-wide call on Tech stocks this morning, raising it's price targets on numerous on-line outlets, including Google (Nasdaq: GOOG), Baidu (Nasdaq: BIDU), Amazon (Nasdaq: AMZN), eBay (Nasdaq: EBAY) and Yahoo! (Nasdaq: YHOO).
Buy-rated:
Traders seem to be agreeing with Goldman's cautiously bullish view today, as the Nasdaq -- although still down for the session -- is outperforming both the Dow and S&P 500. Stocks have just set fresh intraday lows: Dow down 95 points, or 1.1%, Nasdaq down 18 points, or 1%, S&P 500 down 15 points, or 1.6%.
Buy-rated:
- Google - target moved from $414 to $486, suggesting potential appreciation of 13.5% from current levels.
- Amazon.com - price target lifted from $92 to $103, representing possible upside of 21%.
- Baidu.com - PT goes from $273 to $300, suggesting upside of about 5%.
- Vistaprint (Nasdaq: VPRT) - PT moves from $39 to $45, suggesting possible price appreciation of 15%.
- eBay - target raised from $16 to $18, which suggests relatively no movement from current levels.
- Expedia (Nasdaq: EXPE) - PT goes from $10.80 to $17.90, indicating upside of about 10%.
- GSI Commerce (Nasdaq: GSIC) - PT moved from $15 to $17, representing a possible jump of 19% from current levels.
- priceline.com (Nasdaq: PCLN) - PT from $120 to $130, suggesting price appreciation of 13%.
- Yahoo! (Nasdaq: YHOO) - PT from $14 to $17, about 6% higher than the stock's current price.
Traders seem to be agreeing with Goldman's cautiously bullish view today, as the Nasdaq -- although still down for the session -- is outperforming both the Dow and S&P 500. Stocks have just set fresh intraday lows: Dow down 95 points, or 1.1%, Nasdaq down 18 points, or 1%, S&P 500 down 15 points, or 1.6%.
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