Lebed.biz Featured Company: Bidz.com Inc. (BIDZ) Stock Soars After an American Technology Research Analyst Initiated Coverage with a “Buy” Rating
American Technology analyst Tim Boyd initiated his rating and set a $19 price target for Bidz.com Inc. (BIDZ). Boyd called the company's interactive auction model "entertaining" and "user friendly," saying new auctions start every five seconds at $1 each, without reserve prices. Most auctions run for less than an hour -- much shorter than the length of eBay auctions, he said. Analysts polled by Thomson Financial expect, on average, earnings of 16 cents per share on $57.8 million in revenue, and Boyd expects the company to meet if not exceed these projections. Bidz.com, based in California and incorporated in Delaware,…