Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Exodus Communications, Inc. (EXDS) -- Ignore unavailable to you. Want to Upgrade?

To: JC Reddy who wrote (288)	3/25/1999 9:57:00 PM
From: Jenne	Respond to of 3664

Braverman loves Net By Bambi Francisco, CBS MarketWatch Last Update: 8:44 PM ET Mar 25, 1999 Internet Daily Net headlines NEW YORK (CBS.MW) -- Move over, Henry Blodget. Alan Braverman may be the biggest Internet bull on Wall Street. At NationsBanc Montgomery Securities, newly hired Braverman initiated coverage Thursday of nine Net stocks with "buy" ratings. On Wednesday, Merrill Lynch's Internet analyst, Blodget, known for his zealous outlook for Internet stocks, started coverage on several second-tier Net names with a more cautious "accumulate" rating. Both analysts have shown their words move markets. "I think they're all vying for that (top Internet bull) honor," said James Glickenhaus of Glickenhaus & Co. "The Street makes money when people buy and sell stocks, and that happens when analysts come out with research that catches investors' attention." Earlier this month, Braverman left Deutsche Bank Securities, where his opinions tended to be less optimistic. As of Feb. 26, Braverman held an "accumulate" rating on Yahoo (YHOO), Amazon.com (AMZN), AtHome (ATHM), Lycos (LCOS), Verio (VRIO) and Excite (XCIT). Now, a month later and at his new digs, he slapped "buy" ratings on those same stocks -- as well as Infoseek (SEEK) and Xoom.com (XMCM). He kept his "buy" rating on America Online (AOL). Yahoo shot up 18 1/2 to 179, while Amazon.com rocketed up 16 3/16 to 139 7/8; AtHome jumped 10 1/4 to 146 1/4; Lycos, whose acquisition by USA Networks has been recieved with something less than unanimous enthusiasm on Wall Street, added 15/16 to 92 5/8; Verio jumped 2 to 45; Xoom.com added 2 1/8 to 71 1/8; Excite, which is being acquired by AtHome, jumped 8 7/16 to 133 5/16; Infoseek added 4 to 81 1/8; and AOL catapulted 9 to 126 1/8. Braverman dubbed Amazon a "must own" blue chip and the quintessential e-commerce company. He said the stock should trade at a premium to the industry average and, accordingly, placed a 12-month price target of $175 on it. Yahoo was given a 12-month price target of $210. Braverman gave AOL a 12-month price target of $155. He also proposed 12-month price targets for AtHome and Lycos of $180 and $120-$125, respectively. Braverman backs the proposed Lycos and USA Network merger. "We remain bullish," he wrote, "over the long-term impact of the combined USA/Lycos assets." In Braverman's view, USA Networks' Home Shopping Network is the "diamond in the rough."