Who’d have thought? A year ago shares of AOL were trading at half of what they’re going for today.
Today’s jump, up more than 7 percent at last check, is due to a Barclays upgrade of the much maligned company from “equal weight” to “overweight.” AOL’s stock is up more than 100 percent in the last year: today trading at $38.90 vs. $19.19 a year ago today.
That’s just the latest good news for AOL stock. In late February, Evercore Partners raised its target price on AOL shares to $36, up from $34. Then earlier this month, analysts at JMP Securities gave it an “outperform” rating.
- Norm Pearlstine Chats with the Observer
- News Corp Might Bid on Tribune Newspapers
- Niche Media Sold to Greengale Publishing
- Vice Moves Brooklyn Headquarters