Needham & Company Maintains a 'Buy' on AOL, Inc. (AOL); Several Catalysts Ahead
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Price: $49.99 --0%
Rating Summary:
1 Buy, 18 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
1 Buy, 18 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Needham & Company maintains a 'Buy' on AOL, Inc. (NYSE: AOL) price target of $40.00 (from $34.00).
Analyst, Laura Martin, said, "Analyst, Laura Martin, said, "We are raising our target price for AOL to $40 owing to several catalysts: 1. Lower discount rate. 2. Hidden asset value. We continue to see hidden asset value (like patents) at AOL owing to its $2B NOL's that it could sell for cash. 3. Operating momentum is strong. AOL has over-delivered earnings estimates in 2 of the past 4 quarters. 4. Access revenue declines are moderating. Churn in the access business is now down to 2% per month. In fact, it is no longer an access business since only 10% of segment revenue is from access. The other 90% is segment revenue from a bundle of services like computer service and security. 5. Patch should be a catalyst in 2H13 or 1H14. 6. Within display, AOL is migrating its advertising inventory toward premium price points."
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 $33.48 yesterday.
Analyst, Laura Martin, said, "Analyst, Laura Martin, said, "We are raising our target price for AOL to $40 owing to several catalysts: 1. Lower discount rate. 2. Hidden asset value. We continue to see hidden asset value (like patents) at AOL owing to its $2B NOL's that it could sell for cash. 3. Operating momentum is strong. AOL has over-delivered earnings estimates in 2 of the past 4 quarters. 4. Access revenue declines are moderating. Churn in the access business is now down to 2% per month. In fact, it is no longer an access business since only 10% of segment revenue is from access. The other 90% is segment revenue from a bundle of services like computer service and security. 5. Patch should be a catalyst in 2H13 or 1H14. 6. Within display, AOL is migrating its advertising inventory toward premium price points."
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 $33.48 yesterday.
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