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Wednesday, February 8, 2012

Stock Alert - OpenTable (NASDAQ: OPEN) was upgraded by research analysts at Piper Jaffray - 2/8/12

OpenTable (NASDAQ: OPEN) was upgraded by research analysts at Piper Jaffray (NYSE: PJC) from a “neutral” rating to an “overweight” rating in a report issued on Wednesday. They currently have a $38.00 price target on the stock, down from their previous price target of $64.00.

Analysts at Credit Suisse (NYSE: CS) downgraded shares of OpenTable from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday. They now have a $49.00 price target on the stock, down previously from $52.00. Analysts at Oppenheimer (NYSE: OPY) downgraded shares of OpenTable from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday. They now have a $54.00 price target on the stock. Also, analysts at ThinkEquity downgraded shares of OpenTable from a “buy” rating to a “hold” rating in a research note to investors on Friday, February 3rd.

Shares of OpenTable opened at 51.45 on Wednesday. OpenTable has a 52 week low of $31.54 and a 52 week high of $118.66. The stock’s 50-day moving average is $44.93 and its 200-day moving average is $48.72. The company has a market cap of $1.222 billion and a P/E ratio of 64.07.


OpenTable (NASDAQ: OPEN)  resistance level is $55 and support level is $50.

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