Not Many Tech Stocks Getting 'Blodgeted' These Days

Given the way highflying tech shares have been whacked around lately, it's easy to forget the whopping price targets analysts placed on some stocks just a few months ago.

There was the 1000 target Dresdner Kleinwort Benson put on Commerce One (CMRC Quote). (That'd be 167 after a series of splits.) There was Sands Brothers' 250 target (125 postsplit) on Ariba (ARBA Quote). There was the 300 target that WR Hambrecht slapped on Terayon (TERN Quote).

Traders even coined a term for the practice, joking that a stock had been "Blodgeted," a reference to Henry Blodget, Merrill Lynch's Internet analyst. Blodget made a name for himself in late 1998 when -- while still at CIBC Oppenheimer -- he put a 400 price target on Amazon.com (AMZN Quote). Amazon reached the target just three weeks later -- a 96% gain. ...