UPDATE: Citi Starts OpenTable (OPEN) at Sell
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Price: $5.00 -3.47%
Rating Summary:
3 Buy, 11 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
3 Buy, 11 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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(Updated - July 9, 2013 5:41 PM EDT)
Citi initiates coverage on OpenTable (NASDAQ: OPEN) with a Sell and $58 price target.
The firm said while mobile represents a positive tailwind, the current valuation does not reflect that top-line growth is likely to decelerate from a recent 15-20% rate to 10-15% over the next 2-3 years.
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 $65.93 yesterday.
Citi initiates coverage on OpenTable (NASDAQ: OPEN) with a Sell and $58 price target.
The firm said while mobile represents a positive tailwind, the current valuation does not reflect that top-line growth is likely to decelerate from a recent 15-20% rate to 10-15% over the next 2-3 years.
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 $65.93 yesterday.
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