"Art Technology Group (ARTG) jumped by 26 cents, or 6.8%, to $4.10 in the premarket session after the company late Wednesday said it had third-quarter earnings of 4 cents a share, a penny better than the average analyst estimate." Read more here.

Buy -- Price 3.90 on July 7
by MKM Partners

We're raising our 12-month price target to 5, from 4, on ARTG [which develops and markets e-commerce software products], to reflect three factors: (1) the company's improving risk profile, (2) its consistent, solid fundamentals, and (3) a moderately improving economic outlook and accompanying rise in [e-commerce] group valuations. Our new target is based on...an enterprise-value/free-cash-flow multiple of 16 times. The stock currently trades at an EV/FCF multiple of just 11 times our 2010 free-cash-flow projection. ARTG is scheduled to report its 2Q09 results on July 30. We are expecting product-license bookings of $16.9 million, which is at the high end of management's guidance. Based on the company's strong pipeline, industry-wide deal activity, feedback from implementation partners and individual deal information, we are anticipating solid bookings. How much of the product-license bookings translate into revenue in the quarter is less certain ... . The key number in the quarterly results, however, will be the product-license bookings. Market cap: $495 million.

Electronic Commerce is high growth in a high pressure market. Tools are critical.

growth

07-DEC'08: Art Technology Group -Internet software and services. Price/share @ start = $2.41

speculative ecommerce play. Strong customers, balance sheet, growth potential.

rsk

Tech Speculative

1 of 9: fun money research -can I turn $10,000.00 into more?

Art Technology Group: Internet software and services.

Price/share @ start = $2.23

spl

Way overpriced.