NEWRATINGS -- May 19 -- A Hambrecht analyst initiated coverage of PlanetOut with a "buy" rating. The 12-month target price is set to $11. PlanetOut has +3.3 million members and is a leader in the lesbian, gay, bisexual and transgender centric market. Revenues and EPS are likely to increase by 75% and 285%, respectively, over the next couple of years, WR Hambrecht adds. FULL ARTICLE @ NEWRATINGS
Mark Brooks: PlanetOut went public in October 2004 raising $41.6 million. The stock went from $10 to $14 and then dipped to $6 and is on the rise again.