|
On the strength of its acquisition of
BlueMountainarts.com, an e-greetings company, Excite@home climbed into the
top five most-visited Web sites in December, according to statistics
released by Media Metrix. The company increased its reach by 83.2%, and
logged 28 million visitors for the month.
The upgrade from Banc
of America says it all but the $57 target for ATHM may be too
conservative for the year as this stock recently traded near $100.
MARCH 10th
Prudential Reiterates STRONG-BUY with
$125 share target price!!
CLICK
HERE TO READ
Wednesday January 26, 11:18 am Eastern
Time
RESEARCH ALERT - Excite@Home started at buy
NEW YORK, Jan 26 (Reuters) - Banc of America
said on Wednesday it started coverage of Internet access and services
company Excite@Home Inc. (NasdaqNM:ATHM
- news) with a buy rating
and a year-end price target of $57.
--The recent America Online Inc. (NYSE:AOL
- news) and Time Warner
Inc. (NYSE:TWX - news)
deal makes Excite@Home a more attractive strategic partner or perhaps a
takeover candidate, wrote analyst Doug Shapiro in a research note.
--Cable modem penetration is set to accelerate
and the company is the largest pure play in the sector.
--Shares of the company were down 5/16 at
38-1/2 on Nasdaq.
Broker Recommendations:
|
Number
of brokers
recommending as:
|
|
Strong
Buy
|
6
|
|
Moderate Buy
|
10
|
|
Hold
|
2
|
|
Moderate
Sell
|
0
|
|
Strong
Sell
|
0
|
Disclaimer:
WrightStock is not a Registered Investment Advisor or a Broker / Dealer. This
profile was compiled from information provided by Excite@Home (the "Company")
website and Company Press Releases. Readers are advised that this information is issued
solely for information purposes and is not to be construed as an offer to sell or the
solicitation of an offer to buy. The opinions and analysis included herein are based on
sources believed to be reliable and in good faith but no representation or warranty,
expressed or implied, is made as to their accuracy, completeness or correctness. This
information is not intended to be used as the sole basis of any investment decisions, nor
should it be construed as advice designed to meet the investment needs of any particular
investor. The foregoing discussion contains forward-looking statements which are based on
current expectations and differences can be expected. The information contained herein is
for information purposes only; in addition, the information contained in this report is
not intended to be a complete discussion of information regarding some of the current
and/or intended business activities of the Company. Readers are urged to consult with
independent financial advisors with respect to an investment in the shares mentioned
herein. Investors should review a complete information package on
Excite@Home which should
include, but not be limited to, the Company's annual report, quarterly report, press
releases, as well as all regulatory filings where applicable.
All information contained in this report should be independently verified with the
Company mentioned herein. Any opinions expressed in this report are statements of judgment
as of the date of publication and are subject to change without further notice, and may
not necessarily be reprinted in future publications or elsewhere. Neither WrightStock nor
its officers, directors, partners or employees/consultants accept any liability whatsoever
for any direct or consequential loss arising from any use of this report or its contents.
In order to be in full compliance with the Securities Act of 1933, Section
17(b), WrightStock advises the readers of this document that it has received no
compensation of any form for its efforts in researching, writing, presenting and
disseminating the information contained herein. |
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