New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 13, 2014
11:46 EDTOPENOpenTable rises after analyst ups target on new mobile product
Shares of OpenTable (OPEN) are climbing after research firm Piper Jaffray wrote that the company's growth should be boosted by its new mobile payment product. OpenTable enables users to make restaurant reservations online. WHAT'S NEW: After using OpenTable's mobile payment product and speaking with five restaurants that are testing the product, Piper analyst Michael Olson, in a note to investors earlier today, wrote that he was more confident in the company's outlook. Olson's experience with the product and his discussions with the restaurants about it have been "extremely positive," he reported, adding that the company has "a compelling growth opportunity." OpenTable's investment in mobile should cause the company's offerings to become more popular, the analyst predicted. Furthermore, the new mobile product justifies an increase in the stock's multiple, wrote Olson, who raised his price target on the shares to $97 from $82. He kept an Overweight rating on the stock. PRICE ACTION: In late morning trading, OpenTable advanced $2.07, or 2.5%, to $84.15.
News For OPEN From The Last 14 Days
Check below for free stories on OPEN the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
July 16, 2014
18:03 EDTOPENMedAssets to replace OpenTable in S&P 600 as of 7/23 close
Subscribe for More Information
July 8, 2014
11:25 EDTOPENOptions with decreasing implied volatility
Subscribe for More Information
09:08 EDTOPENPriceline and OpenTable announce termination of waiting period for acquisition
Subscribe for More Information
08:52 EDTOPENPriceline granted FTC antitrust clearance for OpenTable acquisition
The early termination notice for the proposed transaction between Priceline (PCLN) and OpenTable (OPEN) was posted to the FTC website. Reference Link

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use