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Stock Watch: Modem Media Flies High on Analyst Recommendation

By Nora Macaluso
May 12, 2000 12:00 AM PT

Modem Media (Nasdaq: MMPT) gained 1 7/8 to 14 1/2 Thursday after First Union Securities began coverage of the stock with a buy rating and a 12-month price target of $30.

Stock Watch: Modem Media Flies High on Analyst Recommendation

The firm is looking for the Internet advertiser to post a loss of 8 cents a share for the current fiscal year, followed by net income of 32 cents a share in 2001.

Modem Media saw first-quarter revenue rise 130 percent, powered by strong spending by new and existing customers.


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What best reflects your opinion on online privacy?
We need new laws to curb government spying.
It's dead -- Google, Facebook and others killed it.
Personalized advertising is the worst -- it's creepy.
It's achievable through encryption and other tech.
It's an overblown issue -- I have nothing to hide.
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