Northland Securities cut Stamps.com's stock rating to Hold from Buy citing its high valuation. The downgrade comes shortly after the company's 2Q earnings released on Aug. 6 surpassed Street estimates. Stamps.com shares soared almost 18% on Friday, taking their year-to-date rally to 270%.Northland analyst Tyler Wood maintained Stamps.com's (STMP) price target of $280 (9.5% downside potential). “Stamps.com's Q2 results and full year guidance "blew away" estimates on surging customer adds and average revenue per user,” Wood said.Stamps.com's 2Q earnings jumped 148% to $3.11 per share year-over-year and came ahead of analysts’ expectations of $1.26. Its revenues of $206.7 million exceeded Street estimates of $153.3 million. The company forecasts 2020 revenues to grow in the range of $650 million to $725 million, up from the previous guidance of $570 million to $600 million. Adjusted EPS for 2020 is estimated at $6.25 to $9.25, compared with previous guidance of $4 to $5.Meanwhile, Craig-Hallum analyst George Sutton raised Stamps.com's price target to $340 (9.9% upside potential) from $300, and kept a Buy rating. Sutton was impressed with Stamps.com's 2Q numbers but felt that the guidance was conservative. The analyst believes that “the pandemic has been a material positive for those serving the eCommerce market and also those serving as on-line equivalents of off-line solutions.”Currently, the Street has a cautiously optimistic outlook on the stock. The Moderate Buy analyst consensus is based on 1 Buy and 1 Hold. The average price target of $310 implies that the stock is more than fully valued. (See STMP stock analysis on TipRanks).Related News: Wedbush Lifts Apple’s PT To ‘Street High’ ON Semiconductor Quarterly Profit Misses Estimates; Top Analyst Sticks To Buy Barclays Lifts Uber’s PT On Recovery Bet More recent articles from Smarter Analyst: * MGM Spikes 14% As IAC Makes $1B Investment Amid Online Gambling Bet * Marriot Posts Wider-Than-Expected 2Q Loss, Sees 'Gradual Recovery' * Stephens Puts Trade Desk On Hold After 2Q Revenue * FedEx Gains 5% As Bernstein Raises Stock To Buy