I do hear an analyst is raising his target price to $200. He obviously likes this stock.
biz.yahoo.com
Thursday December 9, 10:24 am Eastern Time
Company Press Release
Robertson Stephens Raises Price Target, Reiterates Buy Rating on ITWO
SAN FRANCISCO--(BUSINESS WIRE)--Dec. 9, 1999--Robertson Stephens eBusiness Applications Analyst Kash G. Rangan and Managing Director and Senior eBusiness Software Analyst Marshall Senk today reiterated their Buy rating on i2 Technologies, Inc. (NASDAQ:ITWO - news).
i2 Technologies is a leading provider of eBusiness and supply chain management solutions.
``We are reiterating our Buy rating and raising our price target on i2 to $200,' said Rangan.
``Assuming a valuation multiple for eMarketplaces in-line with comparable eBusiness infrastructure players and assuming a relatively modest multiple for the rest of the business, yields a $200 stock, in our opinion,' said Rangan. ``We believe that valuation upside is likely based on the increasing recognition that i2's eMarketplace offering is a core B2B Infrastructure play.'
``In the long run, we expect investors to fully appreciate i2's significant competitive position as an eBusiness player not only based on eMarketplaces, but also as the supply chain space morphs into the eCommerce back-end,' said Rangan. ``In addition, as eBusiness initiatives scale up and the move towards `mass customization and markets of one' takes place, back end complexity will explode - this is where i2 takes over with a solid market share, mind share and product lead.
Clients interested in receiving more information should contact their salesperson at (415) 781-9700.
BancBoston Robertson Stephens Inc. (``Robertson Stephens') is the leading full-service investment bank focused exclusively on growth companies. To date in 1999, the firm has completed over 180 public offerings and over 40 private offerings, raising more than $30 billion in capital for clients. The firm's 47 research analysts cover nearly 700 companies. Founded in 1978, Robertson Stephens is a section 20 subsidiary of FleetBoston Financial Corporation (NYSE: FBF - news) and a member of the NASD and all major exchanges. Together, Robertson Stephens, BancBoston 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. For more information about the firm, please visit our Web site at www.rsco.com.
The foregoing synopses are qualified |
