Goldman Sachs Upgrades Demand Media (DMD) to Buy
Tweet
Share
E-mailGet Alerts DMD Hot Sheet
Price: $6.35 --0%
Rating Summary:
7 Buy, 6 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 8 | New: 13
Rating Summary:
7 Buy, 6 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 8 | New: 13
Join SI Premium – FREE
Goldman Sachs upgraded Demand Media (NYSE: DMD) from Neutral to Buy, saying the stock has overreacted to the impact of Google's "Panda 2" algorithm changes.
Since the change shares are down 40% and are 20% below its IPO price, despite a likely single-digit impact to earnings.
"We believe current valuation reflects future negative changes that are unlikely to
materialize," the analyst said.
Goldman set a $21 6-month price target, suggesting 60% upside.
For more ratings news on Demand Media click here and for the rating history of Demand Media click here.
Shares of Demand Media closed at $13.14 yesterday.
Since the change shares are down 40% and are 20% below its IPO price, despite a likely single-digit impact to earnings.
"We believe current valuation reflects future negative changes that are unlikely to
materialize," the analyst said.
Goldman set a $21 6-month price target, suggesting 60% upside.
For more ratings news on Demand Media click here and for the rating history of Demand Media click here.
Shares of Demand Media closed at $13.14 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Wolfe forecasts August payrolls growth of 65k ahead of September FOMC
- eHealth (EHTH) PT Lowered to $2 at RBC Capital
- Madison Air plans $2.25B private placement to fund ebm-papst deal
Create E-mail Alert Related Categories
Hot Upgrades, UpgradesRelated Entities
Goldman Sachs, EarningsSign 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!
