OpenTable (NASDAQ:OPEN): Reduce Estimates on Slowed Subscriptions and Soft Spotlight – Benchmark

Benchmark is out surprisingly cautious on OpenTable (NASDAQ:OPEN) lowering their Q2 revenue estimates on increased competition and weakness at Spotlight, OpenTable’s deals product. - Firm maintains Hold rating and $90 price target. The details: OpenTable appears to be facing more competition domestically from Urbanspoon’s RezBook, Livebookings and Eveve. CityPages recently reported that two notable restaurants [...]