PurchasePro.com Inc. (Nasdaq: PPRO) was up 20 percent Monday after the stock was named "single best idea" at Prudential Volpe Technology Group. p>Shares were up 6.93 to 42. The stock was also reiterated a "strong buy" by analyst Timothy Getz.
"With over 30,000 businesses on its network, 200 private e-marketplaces, compelling partnerships ... and a growing customer base, we believe the Company is quickly becoming the leading e-commerce provider for the small-to-medium sized market," Getz said in a research note. He added that he expects the company to top revenue estimates of $13.7 million and earnings estimates of 18 cents a share, on a post-split basis. Getz had a 12-month target of $50 per share on the stock.
Getz also made positive comments on the B2B sector; Ariba (Nasdaq: ARBA) was up 14.19 to 135.88 and FreeMarket (Nasdaq: FMKT) was up 3 to 44.5.
PurchasePro.com got talked up by analysts last week too. Analyst Patrick Walravens at Lehman Brothers reiterated a "buy" rating, and holds a 12-month target price of $120 per share. Analysts Gavin Mlinar and James T. Waggoner at Sands Brothers & Co Ltd. started coverage with a "strong buy" rating and a 12-month target price of $100 per share.