Stock Watch: Lofty Price Target For Talk.com

While most Internet stocks continued to bleed on Monday,e-commerce telecommunications company Talk.com (Nasdaq: TALK) had its second successive strong trading session. The stock climbed more than 7.5 percent on Monday, gaining 31/32 to 13-13/16. This followed Friday’s rise of 1-23/32 to 12-27/32. The main reason for Monday’s gain was the same as Friday’s: A strong buy rating with an extremely aggressive price target. On Monday, Sands Brothers gave Talk.com, which is the founder and provider of America Online’s long-distance service, a strong buy rating and a $55 target. On Friday, First Union gave Talk.com a strong buy rating and a $51 target. One reason for the bullishness surrounding Talk.com is simple: As AOL’s business grows, so will Talk.com’s. In addition, rumors are circulating about AOL taking over Talk.com. Whether that happens or not, this seems like a stock to watch.

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