Shares of business-to-business (B2B) e-commerce solutions company Ariba (Nasdaq: ARBA) gained 9-3/16 to 194-5/8 on Monday after Banc of America Securities raised its price target on the stock to $250 from $225. Banc of America analyst Bob Austrian, who has a strong buy rating on Ariba, also recommended Ariba competitor Commerce One (Nasdaq: CMRC) on Monday. Shares of Commerce One gained 9-3/4 to 168-1/8.
Just a couple months ago, Commerce One’s market value dwarfed that of Ariba. After Monday, however, Ariba was worth nearly $18 billion, while Commerce One was worth more than $12 billion. Investors are making huge bets on both of these companies, which remain among the top-performing stocks of the last year. Clearly, business-to-business e-commerce is red-hot right now.
Loading ...
Social Media
See all Social Media