Collins Stewart Encourages Investors to Buy OpenTable (OPEN) on Weakness

August 3, 2011 3:33 PM EDT
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Price: $3.58 +2.87%

Rating Summary:
    4 Buy, 11 Hold, 5 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 17 | Down: 23 | New: 12
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Collins Stewart is reiterating its Buy rating on shares of OpenTable (NASDAQ: OPEN) and is maintaining its price target of $104.

The company reported mixed Q2 results with earnings up 22 percent and revenue down by 3 percent.

The firm believes that now is the time to buy and encourages investors to buy on the weakness.

Collins Stewart's current EPS estimates for 2011 and 2012 are $1.28 and $1.89, changed from its previous estimates of $1.25 and $1.92.

For more ratings news on OpenTable click here and for the rating history of OpenTable click here.

Shares of OpenTable closed at $68.90 yesterday.


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