Web.com, Inc. (WEB) PT Lowered to $24 at Piper Jaffray
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Price: $27.99 --0%
Rating Summary:
2 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 23 | New: 12
Rating Summary:
2 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 23 | New: 12
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Piper Jaffray lowered its price target on Web.com, Inc. (NASDAQ: WEB) to $24.00 (from $26.00) while maintaining a Overweight rating following the company's 4Q earnings report. Revenue of $191.1M and EBITDA of $49.1M were ahead of Street expectations for $190.9M and $49.0M, respectively.
2018 guidance calls for revenue of $755M-$770M, below the Street at $785M, and EBITDA of $192M-$197M, below the Street at $206M.
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