Stock Watch: Analyst Recommendation Boosts PurchasePro
By Nora Macaluso
E-Commerce Times
Part of the ECT News Network
08/28/00 12:00 AM PT
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PurchasePro (Nasdaq: PPRO) rose 6 7/8 to 46 1/2 Friday following a reported recommendation from Prudential Volpe Technology Group.
Prudential analyst Tim Getz believes the stock is undervalued, the reports said. Earlier in the week, the B2B company won a contract to help USAutoNews.com set up a group of online exchanges for auto dealers.
PurchasePro's online exchange serves more than 25,000 businesses. The company also provides browser-based services to about 160 private-label online marketplaces.
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