After trading ended Monday, Sohu.com reported better-than-expected results for the third quarter, and its fourth-quarter and 2008 foreasts also beat analyst expectations.

The stock advanced $4.37, or 8.2 percent, to $57.91, and reached a high of $58.86. The stock's previous high was $54.35.

Analysts credited the results to Sohu.com's gaming business, as online role-playing game "Tian Long Ba Bu" did better than expected. Sohu.com also said it will release another RPG, "Duke of Mount Deer," next year.

RBC Capital Markets analyst Stephen Ju said "Duke of Mount Deer" is a step toward making Sohu.com's gaming business sustainable.

"We cannot claim that Sohu's fledgling games division is a sustainable business, but it did take a small step to building out a portfolio of intellectual property with the announcement of Duke of Mount Deer," he said.

Citi Investment Research analyst Jason Brueschke raised his price target to $65 from $40 on the results.

"Online gaming topped even the loftiest expectations -- a key positive since Tian Long Ba Bu is in only its second quarter of commercial release -- and Olympic ad spend is starting to kick in," he said.

Goldman Sachs analyst Leah Hao credited Sohu.com's third-quarter results and higher 2007 forecast to the game "Eight Demigods," and raised her price target to $51 from $35.