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Enter Symbol:
OpenTable (OPEN) [hlAlert]

Neutral OPEN
down 12.42 %

OpenTable (OPEN) upgraded to Neutral with price target $74 by Citigroup

Posted on: Tuesday,  Feb 4, 2014  8:25 AM ET by Citigroup

Citigroup rated Neutral OpenTable (NASDAQ: OPEN) on 02/04/2014. Previously Citigroup rated Sell OpenTable (NASDAQ: OPEN) on 07/10/2013., when the
stock price was $66.19. Since then, OpenTable has gained 14.19% as of 02/04/2014's recent price of $75.58.
If you would have followed the previous Citigroup's recommendation on OPEN, you would have lost 12.42% of your investment in 209 days.

OpenTable, Inc. (OpenTable) provides solutions that form an online network connecting reservation-taking restaurants and people who dine at those restaurants. Its solutions include electronic reservation book (ERB) for restaurant customers and, a restaurant reservation Website for diners. The OpenTable network includes approximately 10,000 OpenTable restaurant customers. As of September 30, 2008, the Company seated an average of approximately 2.8 million diners per month. For restaurant customers, it provides an ERB, which is an integrated software and hardware solution that computerizes restaurant host-stand operations. The OpenTable ERB streamlines a number of business functions and processes for restaurants, including reservation management, table management, guest recognition and e-mail marketing. The OpenTable Website enables diners to find, choose and book tables at restaurants on the OpenTable network.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/4/2014 8:25 AM Hold
75.58 74.00
as of 10/17/2014
1 Week   
1 Month   
3 Months   
1 YTD up  4.77 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/10/2013 8:25 AM Sell
10/15/2009 8:25 AM Buy
6/29/2009 8:25 AM Hold
30.41 34.00

(*) Stock Price at the time of the recommendation.
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