OpenTable Mobile Payment App Sparks Price-Target Hike
Piper Jaffray analyst Michael Olson raised his price target on OpenTable (OPEN) Thursday based on an optimistic view of its mobile-payment rollout. The stock rose more than 2% on the stock market today. The restaurant-reservation network launched a pilot program for its new mobile-payment feature on Feb. 7. It allows users to add their credit-card number to their OpenTable app for Apple ‘s (AAPL) iPhone, so they can see and pay their check on the