Collins Stewart Encourages Investors to Buy OpenTable (OPEN) on Weakness
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Price: $3.64 -0.27%
Rating Summary:
4 Buy, 11 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
4 Buy, 11 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Collins Stewart is reiterating its Buy rating on shares of OpenTable (NASDAQ: OPEN) and is maintaining its price target of $104.
The company reported mixed Q2 results with earnings up 22 percent and revenue down by 3 percent.
The firm believes that now is the time to buy and encourages investors to buy on the weakness.
Collins Stewart's current EPS estimates for 2011 and 2012 are $1.28 and $1.89, changed from its previous estimates of $1.25 and $1.92.
For more ratings news on OpenTable click here and for the rating history of OpenTable click here.
Shares of OpenTable closed at $68.90 yesterday.
The company reported mixed Q2 results with earnings up 22 percent and revenue down by 3 percent.
The firm believes that now is the time to buy and encourages investors to buy on the weakness.
Collins Stewart's current EPS estimates for 2011 and 2012 are $1.28 and $1.89, changed from its previous estimates of $1.25 and $1.92.
For more ratings news on OpenTable click here and for the rating history of OpenTable click here.
Shares of OpenTable closed at $68.90 yesterday.
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