Notable Upgrades: Alibaba Group (BABA), SolarEdge Technologies (SEDG), Imperva Inc. (IMPV), Nuance (NUAN), Tableau Software (DATA)

Analysts at Goldman (GS) are out with a report this morning upgrading shares of Alibaba Group Holding Limited (BABA) with a ‘Buy‘ from ‘Neutral‘ rating.

Alibaba Group Holding Ltd. ADS shares are currently priced at 49.13x this year’s forecasted earnings, which makes them quite expensive compared to the industry’s 17.85x earnings multiple. Ticker has a forward P/E of 23.73 and t-12 price-to-sales ratio of 18.72. EPS for the same period is $1.78.

In the past 52 weeks, shares of China’s largest e-commerce company have traded between a low of $77.77 and a high of $120.00 and are now at $87.54. Shares are down 17.26% year-to-date.

SolarEdge Technologies, Inc. (SEDG) was reiterated a ‘Buy’ by Needham analysts on Friday. The broker also raised its price target on the stock to $38 from $30, implying 25% expected upside.

SEDG shares recently gained $3.96 to $30.35. The stock has gained roughly 28% year-to-date. In the past 52 weeks, shares of Hod Hasharon, Israel-based supplier of DC optimized inverter systems have traded between a low of $19.49 and a high of $32.00.

SolarEdge Technologies, Inc. closed Thursday at $26.39. The name has a total market cap of $1.16 billion.

Imperva Inc. (IMPV) was reiterated as ‘Hold’ with a $50 from $45 price target on Friday by Topeka Capital Markets.

IMPV shares recently gained $6.64 to $51.75. Over the past year, shares of Redwood Shores, Calif.-based company have traded between a low of $18.40 and a high of $54.69. Shares are up 130% year-over-year ; down 8.74% year-to-date.

Analysts at Craig Hallum upgraded their rating on the shares of Nuance Communications, Inc. (NUAN). In a research note published on Friday, the firm lifted the name with a ‘Buy‘ from ‘Hold‘ rating and set a 12-month case base estimate of $20 from $15 per share.

On valuation measures, Nuance Communications Inc. shares have a PEG and forward P/E ratio of 0.68 and 14.03, respectively. Price/sales for the most recent quarter is 2.58 while EPS is ($0.46). Currently there are 3 analysts that rate NUAN a ‘Buy‘, 8 rate it a ‘Hold‘. 1 analyst rates it a ‘Sell‘. NUAN has a median Wall Street price target of $16.00 with a high target of $25.00.

Tableau Software, Inc. (DATA) rating of ‘Buy’ was reiterated today at UBS with a price target increase of $119 from $109 (versus a $97.43 previous close).

Tableau Software, Inc. shares are currently priced at 1,380x this year’s forecasted earnings compared to the industry’s 17.85x earnings multiple. Ticker has a PEG and forward P/E ratio of 12.74 and 199.89, respectively. Price/sales for the same period is 16.72 while EPS is $0.08. Currently there are 18 analysts that rate DATA a ‘Buy’, 10 rate it a ‘Hold’. No analyst rates it a ‘Sell’. DATA has a median Wall Street price target of $108.00 with a high target of $150.00.

In the past 52 weeks, shares of Sunnyvale, California-based business analytics software firm have traded between a low of $52.02 and a high of $112.55 and are now at $111.78. Shares are up 72.87% year-over-year and 15% year-to-date.

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