Las Vegas Internet firm's stock soaring
Thursday, Feb. 17, 2000 | 11:01 a.m.
The stock of PurchasePro.com Inc. of Las Vegas rose $13.75, or 12 percent, to $133.25 on Wednesday and was up another $6.19 this morning.
The operator of Internet marketplaces was rated "strong buy" in new coverage by Credit Suisse First Boston Inc. analyst Christopher Vroom, who expects the stock to reach $205 in a year.
Even more optimistic is Robertson Stephens analyst Marshall Senk, who established a price target of $300.
PurchasePro.com is a leading provider of turnkey business-to-business e-commerce infrastructure designed for the middle market, Senk said.
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