Web.com, Inc. (WEB) PT Lowered to $24 at Piper Jaffray

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February 9, 2018 7:35 AM EST
Get Alerts WEB Hot Sheet
Price: $27.99 --0%

Rating Summary:
    2 Buy, 6 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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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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