Stock Watch: Lofty Price Target For

While most Internet stocks continued to bleed on Monday,e-commerce telecommunications company (Nasdaq: TALK) had its second successive strong trading session. The stock climbed more than 7.5 percent on Monday, gaining 31/32 to 13-13/16. This followed Friday’s rise of 1-23/32 to 12-27/32. The main reason for Monday’s gain was the same as Friday’s: A strong buy rating with an extremely aggressive price target. On Monday, Sands Brothers gave, which is the founder and provider of America Online’s long-distance service, a strong buy rating and a $55 target. On Friday, First Union gave a strong buy rating and a $51 target. One reason for the bullishness surrounding is simple: As AOL’s business grows, so will’s. In addition, rumors are circulating about AOL taking over Whether that happens or not, this seems like a stock to watch.

Leave a Comment

Please sign in to post or reply to a comment. New users create a free account.

How often do you update your passwords?
Loading ... Loading ...

E-commerce Times Channels