eBay jumps 25 pct, DLJ initiates coverage
NEW YORK, Oct 26 (Reuters) - Shares of internet auction company eBay Inc., whose stock price has more than tripled since its initial public offering in September, on Monday jumped to $64 a share, up $16, or about 25 percent.
Donaldson, Lufkin & Jenrette on Monday said analyst Jamie Kiggen intitiated coverage of San Jose, Calif.-based eBay, with a buy rating and a 6-to-12 month price target of $100
''eBay displays all of the characteristics of an Internet category leader: a huge market opportunity, significant competitive barriers, an increasing returns business model, and a massive, loyal and growing customer base,'' Kiggen said in a research note.
If you read the last paragraph in the above news article it seems to apply in many respects to PNLK. The main thing now is to move to nasdaq and start getting the attention of the big guys.
GO PRONETLINK! |
