Web.com upgraded to Buy from Hold at Craig-Hallum As previously reported, Craig-Hallum upgraded Web.com to Buy from Neutral. The firm upgraded shares to reflect recent share weakness and solid fundamentals, growing free cash flow, and high recurring subscription based revenues. Price target raised to $40 from $34.
Web.com price target raised to $32 from $25 at Piper Jaffray Piper Jaffray analyst Gene Munster raised his price target for Web.com to $32 citing confidence in the company's turnaround and eventual return to growth. Munster believes Web.com's turnaround is on plan and expects guidance for the next two quarters to meet consensus estimates. He reiterates an Overweight rating on the stock.