Stock Watch: Internet Capital Group Climbs on Coverage

Speaking of business-to-business e-commerce, shares of B2B holding company Internet Capital Group (Nasdaq: ICGE), which has stakes in more than 50 companies including VerticalNet, Breakaway Solutions and eMerge Interactive, climbed 4-3/16 to 125-1/8 on Monday. The gain of nearly 3.5 percent came after Wit Capital initiated coverage of Internet Capital Group with a buy rating and a $200 price target.

"We believe that ICG is among a very small group of companies best positioned to benefit from the continued growth of business-to-business e-commerce into the next decade," Wit Capital analyst Ryan Alexander said.

With the success of eMerge Interactive's Friday initial public offering, Microsoft's (Nasdaq: MSFT) recent investment in VerticalNet, and IPOs on tap for Internet Capital Group investments including small-business marketplace Onvia.com and customer loyalty service provider iSky, Internet Capital Group's portfolio could be poised to grow significantly in value.