Web.com Group Shares Given New $17.00 Price Target by Analyst at RBC Capital ...
22.05.12
Web.com Group Shares Given New $17.00 Price Target by Analyst at RBC Capital (WWWW)
Analysts at RBC Capital (NYSE: RY) increased their price target on shares of Web.com Group (NASDAQ: WWWW) from $16.00 to $17.00 in a research report issued to clients and investors on Friday. They currently have an “outperform” rating on the company’s shares.
Separately, analysts at Zacks Investment Research downgraded shares of Web.com Group from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, February 6th. Also, analysts at JPMorgan Chase & Co. (NYSE: JPM) initiated coverage on shares of Web.com Group in a research note to investors on Tuesday, December 20th. They set an “overweight” rating and a $18.00 price target on the stock.
Web.com Group, Inc. is a provider of Do-It-For-Me and Do-It-Yourself Website building tools, online marketing, lead generation, eCommerce, and technology solutions. The Company offers a range of Web services, including online marketing and advertising, local search, search engine marketing, e-mail, lead generation, home contractor specific leads, Website design and publishing, logo and brand development and eCommerce solutions. Its primary service offerings, eWorks! XL and SmartClicks are packages that include Website design and publishing, online marketing and advertising, search engine optimization, search engine submission, lead generation, hosting and e-mail solutions, and Web analytics. On April 27, 2009, the Company acquired Solid Cactus, Inc. and Solid Cactus Call Center, Inc. (collectively, Solid Cactus).
Source: Web Inquirer