Shanda Interactive Entertainment Ltd. (SNDA) Message Board

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Technology Stocks : Shanda Interactive Entertainment Ltd. (SNDA)

SNDA 25.51

-1.1%

3:59 PM EDT

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To: JakeStraw who wrote (5)	5/17/2005 7:48:51 PM
From: Gaffer	Read Replies (1) of 31

Shanda Interactive "outperform," target price raised Tuesday, May 17, 2005 10:00:14 AM ET Piper Jaffray NEW YORK, May 17 (newratings.com) - Analysts at Piper Jaffray reiterate their "outperform" rating on Shanda Interactive (SNDA.NAS), while raising their estimates for the company. The target price has been raised from $54 to $59. In a research note published this morning, the analysts mention that the company reported robust 1Q05 results, with GAAP EPS and revenues ahead of the estimates and the consensus. The upside was driven by accelerating growth in the MMORPG segment, the analysts say. Shanda Interactive is likely to release several games within the next four quarters, which would boost the number of its large games from four to ten, Piper Jaffray adds. The EPS estimates for FY05 and FY06 have been raised from $1.48 to $1.61 and from $1.93 to $2.06, respectively.

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