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  • encore7 encore7 Apr 30, 2008 5:25 PM Flag

    Target price raised by RBC today

    Here's a nice positive note from RBC that came out before today's open (not that anyone seemed to notice). Just take a look at the 2009 EPS estimate. This stock is still very cheap. "outperform," target price raised
    4:21a.m. - RBC Capital Markets

    NEW YORK, April 30 ( - Analysts at RBC Capital Markets maintain their "outperform" rating on Inc (SOHU), while raising their estimates for the company. The target price has been raised from $65 to $80.

    In a research note published yesterday, the analysts mention that the company has posted its 1Q08 revenues and adjusted EPS ahead of the estimates. The company has issued its revenue guidance for 2Q08 at $93-$96 million, with the guidance for both the branded advertising and online games segments ahead of expectations. The EPS estimates for 2008 and 2009 have been raised from $2.16 to $2.82 and from $2.82 to $4.12, respectively.

42.51+0.60(+1.43%)Oct 21 4:00 PMEDT