17 Gifts at All-Time Lows Gifts Under $30 ChatGPT, a Mindblowing AI Chatbot Neuralink Investigation Kirstie Alley Dies New Deadline for Real ID RSV Facts Space Tomatoes
Want CNET to notify you of price drops and the latest stories?
No, thank you

PurchasePro.com up on analyst talk

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.