Motricity's stock has really sailed in the last couple of weeks following positive analyst recommendations from Deutsche Bank, RBC Capital Markets & most recently JP Morgan, which gave it an overweight rating & a $19 price target on bullish growth prospects for the the company's international business, particularly in Southeast Asia. As a result of the recent run-up, Motricity now has a market cap of $522mil and the 2nd highest enterprise value on my list of public mobile entertainment ecosystem companies... blowing past Gameloft to sit (well) below Japan's DeNA. Let's see if they can keep it value up through Q3 earnings season.
Tuesday, September 28, 2010
Motricity Closing Stock Price Since IPO
Motricity's stock has really sailed in the last couple of weeks following positive analyst recommendations from Deutsche Bank, RBC Capital Markets & most recently JP Morgan, which gave it an overweight rating & a $19 price target on bullish growth prospects for the the company's international business, particularly in Southeast Asia. As a result of the recent run-up, Motricity now has a market cap of $522mil and the 2nd highest enterprise value on my list of public mobile entertainment ecosystem companies... blowing past Gameloft to sit (well) below Japan's DeNA. Let's see if they can keep it value up through Q3 earnings season.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment