Avondale Starts Zipcar (ZIP) at Market Outperform, $34 Price Target
Tweet
Share
E-mailGet Alerts ZIP Hot Sheet
Price: $5.17 --0%
Rating Summary:
2 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 25
Rating Summary:
2 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 25
Join SI Premium – FREE
An analyst at Avondale Partners initiated coverage on Zipcar (NASDAQ: ZIP) with a Market Outperform rating and a $34 price target.
After pricing at $18, well above the stock's expected price range of $14-$16, shares of Zipcar rallied more than 55 percent to close at $28 Thursday. The stock is giving back some of this sharp gain Friday, currently down 2.2 percent to $27.39.
Even with the very strong opening day, Avondale's new price target still implies further upside of more than 24 percent.
For more ratings news on Zipcar click here and for the rating history of Zipcar click here.
After pricing at $18, well above the stock's expected price range of $14-$16, shares of Zipcar rallied more than 55 percent to close at $28 Thursday. The stock is giving back some of this sharp gain Friday, currently down 2.2 percent to $27.39.
Even with the very strong opening day, Avondale's new price target still implies further upside of more than 24 percent.
For more ratings news on Zipcar click here and for the rating history of Zipcar click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Needham Starts Faeth Therapeutics (FTH) at Buy
- BMO Capital Starts Skyworks Solutions (SWKS) at Market Perform
- Keefe, Bruyette & Woods Resumes Toronto-Dominion Bank (TD:CN) (TD) at Market Perform
Create E-mail Alert Related Categories
New CoverageRelated Entities
Avondale PartnersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
