Aren't you glad you didn't buy Healtheon... or Coms last week at 120?
What Wcap needs now is a screaming buy from Robby S.
Just like they did this morning on Icge.
>SAN FRANCISCO--(BUSINESS WIRE)--March 6, 2000--Robertson Stephens Managing Director and Senior Business-to-Business eCommerce Analyst Eric Upin today upgraded Internet Capital Group (NASDAQ:ICGE) to a Strong Buy rating from a Buy.
Internet Capital Group (ICG), based in Wayne, Pa., invests in and incubates a collective network of B2B eCommerce companies.
"We are raising our rating on ICG with a 12-18 month price target of $250," said Upin. "The fundamentals of B2B eCommerce are compelling over the next two to five years and we believe that ICG is one of the best ways to play this space."
"Focused only on B2B, ICG has established an outstanding portfolio of B2B companies," said Upin. "ICG has five public companies and 52 still private, representing the better names in B2B eCommerce. As investors gain a better understanding of the quality of ICG's portfolio and management team, coupled with the step-up in valuations from private to publicly held, we believe the stock will move higher."
"We believe ICG's strategy is working and that there are several near-term catalysts for the stock," said Upin. "This company is our top pick in the B2B space."
Clients interested in receiving more information should contact their salesperson at (415) 781-9700.
Robertson Stephens (www.rsco.com) is the leading full-services investment bank focused exclusively on growth companies. In 1999, the firm completed over 230 public offerings and over 40 private offerings, raising more than $40 billion in capital for clients. In addition, the firm advised on over 80 M&A transactions in 1999 with an aggregate value in excess of $50 billion. The firm's 47 equity research analysts cover nearly 700 companies. Founded in 1978, Robertson Stephens (Legal name: FleetBoston Robertson Stephens Inc.) is a section 20 subsidiary of FleetBoston Financial Corporation (NYSE: FBF) and a member of the NASD and all major exchanges. Together, Robertson Stephens, Fleetboston Robertson Stephens International Ltd., and Robertson Stephens Evergreen Securities Ltd. employ over 1,000 employees worldwide with offices in Boston, San Francisco, New York, Menlo Park, Chicago, London, and Tel Aviv. |
