OPEN posts
FeedPosted Apr 5th 2011 3:20PM by Trefis (RSS feed)
Filed under: Technology
OpenTable(OPEN) has come a long way since Chuck Templeton envisioned the idea in 1998 after observing the difficulty his wife faced while trying to book a dinner reservation by phone. Today, it is the leading provider of free and real-time online restaurant reservations for users looking to book reservations online as well as a reservation and guest management solution for restaurants. The company is comfortably ahead of its competitors like Urbanspoon, owned by IAC/InterActiveCorp and UK-based companies liveRES Ltd and Livebookings Ltd. It also seems to have hit the right note with its decision to take Groupon head-on by selling third-party restaurants coupons through its website.
We currently maintain a $94.90 price estimate for OpenTable, which is about 10% below the stock's market price.
Continue reading OpenTable Gaining Momentum in Diners Seated
Posted Mar 31st 2011 11:30AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Bristol-Myers Squibb (BMY), ConAgra Foods (CAG), Analyst Initiations
Analyst Upgrades
- Bristol-Myers (BMY) to hold from underperform at Jefferies.
- Pep Boys (PBY) to buy from hold at Stifel Nicolaus.
- Tesla Motors (TSLA) to overweight from equal weight at Morgan Stanley.
- Emerson (EMR) to buy from hold at Deutsche Bank.
- ARM Holdings (ARMH) to buy from neutral at BofA/Merrill.
- NetLogic (NETL) and Cavium Networks (CAVM) to buy from hold at Auriga.
- Aimco (AIV) to hold from sell at Citigroup.
- Ceragon Networks (CRNT) to overweight from equal weight at Barclays.
Continue reading Analyst Calls: BMY, CAG, CAVM, CEPH, OPEN, PBY, SOL, TSLA, WDC ...
Posted Mar 14th 2011 11:30AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, QUALCOMM Inc (QCOM), Texas Instruments (TXN), Analyst Initiations, Las Vegas Sands (LVS), Noble Corporation (NE)
Analyst Upgrades
- Parker-Hannifin (PH) to buy from hold at Deutsche Bank.
- JDSU (JDSU) to buy from hold at Citigroup.
- Noble Corp. (NE) to overweight from neutral at JPMorgan.
- Cerner (CERN) to buy from hold at Auriga.
- Cintas (CTAS) to outperform from neutral at RW Baird.
- American States Water (AWR) to buy from hold at Brean Murray.
- National Semiconductor (NSM) and Texas Instruments (TXN) to positive from neutral at Susquehanna.
- Lululemon (LULU) to buy from hold at ThinkEquity.
- DuPont Fabros (DFT) to top pick from outperform at RBC Capital.
Continue reading Analyst Calls: CERN, DFT, LVS, NE, NSM, OPEN, PH, QCOM, SHAW, TXN ...
Posted Mar 5th 2011 2:00PM by Trefis (RSS feed)
Filed under: Stocks to Buy
OpenTable (OPEN) is the largest provider of free and real-time online restaurant reservations for diners in the U.S. It competes with Urbanspoon, owned by IAC/InterActiveCorp (IACI) and other UK-based companies like liveRES Ltd and Livebookings Ltd.
OpenTable's share price has grown nearly three-fold from a roughly $30 value following its IPO in May 2009. The stock's current market price stands around $85. The stock price actually breached $95 earlier this month, soon after the company declared better-than-expected earnings for the fourth quarter of 2010.
Continue reading Upside and Downside Scenarios for OpenTable
Posted Feb 25th 2011 12:30PM by Trefis (RSS feed)
Filed under: IAC/InterActiveCorp (IACI)
OpenTable (OPEN) is a leading provider of free and real-time online restaurant reservations, helping users looking to book reservations online and providing a reservation and guest management solution for restaurants. It also sells third-party restaurants coupons through its website. Its competitors include Urbanspoon, owned by IAC/InterActiveCorp (IACI), and UK-based companies liveRES Ltd and Livebookings Ltd.
We have a price estimate for OpenTable of $94.90, which is roughly in line with market price.
Continue reading OpenTable's International Growth Driven by Toptable
Posted Jan 10th 2011 12:00PM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, General Electric (GE), Exxon Mobil (XOM), Advanced Micro Dev (AMD), Adobe Systems (ADBE), Analyst Initiations, Barclays plc ADS (BCS)
Analyst Upgrades
- General Electric (GE) and Barclays (BCS) to buy from neutral at UBS.
- Warnaco (WRC) to outperform from market perform and Melco Crown (MPEL) to market perform from underperform at Wells Fargo.
- Parker-Hannifin (PH) and Emerson Electric (EMR) to buy from neutral at Goldman.
- AMD (AMD) to buy from neutral at Nomura.
- Novellus (NVLS) and Sherwin-Williams (SHW) to equal weight from underweight at Morgan Stanley.
- OpenTable (OPEN) to outperform from market perform at Morgan Keegan.
- Skilled Healthcare (SKH) to buy from hold at Jefferies.
- Lear (LEA) to overweight from equal weight at Barclays.
- Adobe (ADBE) to buy from neutral at BofA/Merrill.
Continue reading Analyst Calls: AMD, BCS, BJ, CVC, EMR, GE, NVLS, PCG, PH, VLO, XOM ...
Posted Sep 16th 2010 11:40AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Ford Motor (F), Netflix, Inc. (NFLX), Boston Scientific (BSX), Merck and Co (MRK), Analyst Initiations, General Dynamics Corp (GD), Northrop Grumman (NOC)
Analyst Upgrades
- Credit Suisse upgraded Netflix (NFLX) to neutral from underperform and raised its price target to $140 from $90. The firm's survey work indicates Netflix's streaming offering is compelling and will continue to grow as it acquires additional streaming content.
- Barclays upgraded Ford (F) to overweight from equal weight, citing the company's earnings power, reduced cost base, expectations for a return to prior peak margins and valuation. The firm raised its target to $16 from $15.
- Merriman upgraded OpenTable (OPEN) to buy from neutral based on increased visibility into international expansion from the toptable.com acquisition and upside from its Spotlight product.
- Siemens (SI) was upgraded to conviction buy from buy at Goldman.
- Medicis (MRX) was upgraded to buy from hold at Jefferies.
- IDEX (IEX) was upgraded to outperform from neutral at Baird.
Continue reading Analyst Calls: BT, BWA, COG, F, GD, HRS, LMT, MRK, NFLX, NOC, OPEN, SI ...
Posted Sep 13th 2010 12:00PM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Microsoft (MSFT), Exxon Mobil (XOM), Nokia Corp. (NOK), AutoZone Inc (AZO), Research in Motion (RIMM), Analyst Initiations
Analyst Upgrades
- Citigroup upgraded OpenTable (OPEN) to buy from hold, citing stronger than expected near-term trends and traction for the company's Spotlight offering. Citi upped its price target for shares to $70 from $46.
- Wells Fargo upgraded Werner (WERN) to outperform from market perform, citing valuation, the company's reduction in cost, and its above peer exposure to the pricing cycle.
- Goldman upgraded CarMax (KMX) to neutral from sell based on valuation and higher used car profitability. The firm has a $24 target on the stock.
- Apollo Group (APOL) was upgraded to overweight from equal weight at Morgan Stanley.
- Nokia (NOK) was upgraded to overweight from equal weight at Barclays.
- Zions Bancorp (ZION) was upgraded to outperform from market perform at Bernstein.
Continue reading Analyst Calls: AZO, KMX, MSFT, NOK, OPEN, PCG, RIMM, WDC, WERN, XOM ...
Posted Aug 25th 2010 12:00PM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Corning Inc (GLW), Family Dollar Stores (FDO), Analyst Initiations, Trina Solar ADS (TSL), Intuitive Surgical Inc (ISRG)
Analyst Upgrades
- Wells Fargo believes Intuitive Surgical (ISRG) da Vinci procedures remain under penetrated and that consensus estimates are too low. The firm upgraded shares to outperform from market perform and raised its valuation range to $340 to $360.
- Cantor Fitzgerald upgraded Westamerica (WABC) to buy from hold due to the company's FDIC-assisted acquisition of Sonoma Bank and what the firm sees as Westamerica's defensive nature. The firm set a $62 target on the stock.
- Oppenheimer upgraded Corning (GLW) to outperform from perform based on valuation and the belief that downward revisions have peaked. The firm has a $20 target on the stock.
- Quality Systems (QSII) was upgraded to outperform from market perform at JMP Securities.
- OpenTable (OPEN) and Windstream (WIN) were upgraded to buy from neutral at BofA/Merrill.
Continue reading Analyst Calls: FDO, GLW, ISRG, MDT, N, NLY, QLIK, RLD, TSL, WABC ...
Posted Aug 24th 2010 11:30AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Duke Energy (DUK), Analyst Initiations
Analyst Upgrades
- RBC Capital upgraded Brookfield Infrastructure (BIP) to outperform from sector perform with a $20 target. The firm thinks the units' valuation is compelling, while the company's proposed acquisition of assets is positive.
- Stifel upgraded First Horizon (FHN) to buy from hold based on valuation and its path towards normalized profitability. The firm has a $15 price target on the stock.
- KeyBanc upgraded Isle of Capri (ISLE) to buy from hold based on improved earnings growth and valuation. The firm has a $13 target on the stock.
- ATA Inc. (ATAI) was upgraded to neutral from underweight at Piper Jaffray.
- Buckeye Partners (BPL) was upgraded to neutral from sell at Goldman.
- Sinopec (SNP) was upgraded to overweight from neutral at HSBC.
Continue reading Analyst Calls: ANN, BIP, DUK, FHN, ISLE, JCG, POM, RE, SMT ...
Posted Apr 19th 2010 11:20AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Colgate-Palmolive (CL), Corning Inc (GLW), Palm Inc (PALM), Analyst Initiations, Teva Pharm Indus ADR (TEVA), Blackstone Group L.P (BX)
Analyst Upgrades
- JPMorgan upgraded T. Rowe Price (TROW) to overweight from neutral while downgrading Janus Capital (JNS) to underweight from neutral to reflect valuations and fundamentals. The firm has a $67 price target for T. Rowe Price shares.
- Piper Jaffray upgraded Lincoln Electric (LECO) to overweight from neutral as it believes the rebound in global manufacturing is accelerating. The firm has a $70 price target on the stock.
- Wells Fargo upgraded Highwoods Properties (HIW) to market perform from underperform, citing valuation and a strong balance sheet.
- Corning (GLW) was upgraded to outperform from sector perform at RBC Capital.
- Allergan (AGN) was upgraded to conviction buy from neutral at Goldman.
- Mohawk (MHK) was upgraded to buy from neutral at SunTrust.
Continue reading Analyst Calls: ARG, BX, CL, GLW, LECO, PALM, TEVA, TROW ...
Posted Feb 13th 2010 2:40PM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Coca-Cola (KO), Walt Disney (DIS), Sprint Nextel Corp (S), Abercrombie and Fitch (ANF), Hasbro Inc (HAS), Electronic Arts (ERTS)
Here are some highlights from this past week's earnings coverage on BloggingStocks:
- Abercrombie & Fitch Co. (ANF) received an analyst's upgrade ahead of next week's Q4 earnings report.
- Acer Inc. reported its highest quarterly earnings in almost three years due in part to growth in shipments.
- Baidu Inc. (BIDU) swung to a better-than-expected Q4 profit, with strong revenue growth, and offered rosy guidance.
- Biogen Idec Inc. (BIIB) offered an upside surprise as well as full-year earnings above Wall Street estimates.
- Coinstar Inc. (CSTR) strong quarterly results and guidance, as well as litigation concerns, failed to inspire Wall Street.
- Coca-Cola Co. (KO) posted strong Q4 and full-year earnings results due to growth in emerging markets.
Continue reading Earnings Highlights: Acer, Baidu, Coca-Cola, Disney, Hasbro, Sprint ...
Posted Feb 10th 2010 2:30PM by Tom Taulli (RSS feed)
Filed under: Earnings Reports

Last year, OpenTable (
OPEN) was one of the
hottest IPOs. Priced at $20, the stock price surged to $31.89 on its first day of trading.
Hype? Not really. The company has continued to grow, despite the sluggish economy.
Founded in 1998, OpenTable allows restaurants to manage their reservations, using cloud-computing technologies. Revenues come from installation fees, subscriptions and per-diner fees.
Continue reading OpenTable Goes Mobile
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