Deutsche Bank Maintains Hold Rating On XO Group

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

According to Deutsche Bank, XO Group (NASDAQ: XOXO) Hold rating is maintained.Deutsche Bank said that it maintains its Hold rating on XO Group, as the online ad recovery that XO has been enjoying was tempered by a slight miss to advertising estimates and may be difficult to sustain given recent macro headwinds. “Our $9 PT values the shares at 20x our FY12E ex-cash EPS of $0.23, (vs. an avg. of 20x FY12E EPS for the Internet media sector) plus ~$4 in cash per share.”XO Group closed yesterday at $8.75.

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!