Benchmark Maintains Hold on OpenTable

Benchmark is out with its report today on OpenTable (NASDAQ: OPEN), maintaining Hold.

In a note to clients, Benchmark writes, "OpenTable's Spotlight deals service continues to slow and chatter about possible competition for the core reservation service has heightened. But nothing concrete has occurred to change OpenTable's opportunity and the company has indicated new products are coming. We maintain a $90 per share target and Hold rating."

Shares of OPEN closed Monday at $81.02.