Goldman Sachs Says Open Table (OPEN) Fairly Valued
Goldman Sachs maintained a Neutral rating on OpenTable (NASDAQ: OPEN) and raised its price target to $42.00 (from $40.00).
Commenting on the company’s quarterly results, analyst Heath P. Terry said “OpenTable continues to show strong seated diner growth muted by flat subscription revenues as the company sees slowing restaurant additions. With the stock trading above the sector average, despite more modest growth, we believe shares are fairly valued barring a re-acceleration in revenue growth.”
For an analyst ratings summary and ratings history on OpenTable click here. For more ratings news on OpenTable click here.
Shares of OpenTable closed at $47.36 yesterday, with a 52 week range of $31.54-$52.64.
Commenting on the company’s quarterly results, analyst Heath P. Terry said “OpenTable continues to show strong seated diner growth muted by flat subscription revenues as the company sees slowing restaurant additions. With the stock trading above the sector average, despite more modest growth, we believe shares are fairly valued barring a re-acceleration in revenue growth.”
For an analyst ratings summary and ratings history on OpenTable click here. For more ratings news on OpenTable click here.
Shares of OpenTable closed at $47.36 yesterday, with a 52 week range of $31.54-$52.64.