First Analysis Initiates Xoom At Overweight

Analysts at First Analysis initiated coverage on shares of Xoom (NASDAQ: XOOM) with an “overweight” rating.

The target price for Xoom is set to $30.

Xoom shares have fallen 8.08% the past 52 weeks, while the S&P 500 index has gained 18.82% in the same period.

Xoom's shares gained 0.29% to close at $24.36 yesterday.