Anyone who purchased Ancestry.com stock when it was first issued a bit more than a year ago at $16.10 a share is probably smiling today. The ACOM stock hit a new high of $38.00 a share today.
On a related note, analysts at Canaccord Genuity initiated coverage on shares of Ancestry.com Inc in a research note to investors on Wednesday, January 5th. They set a “buy” rating and a $40.00 price target on the stock. Separately, analysts at Citigroup initiated coverage on shares of Ancestry.com Inc. in a research note to investors on Friday, December 17th. They set a “buy” rating and a $40.00 price target on the stock.
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February 14, 2011
Ancestry.com Stock Hits a New High of $38/share
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