Notable Upgrades: Citrix Systems (CTXS), Supernus Pharmaceuticals (SUPN), Monster Beverage (MNST), InterDigital (IDCC)

Analysts at Needham are out with a report this morning upgrading shares of Citrix Systems, Inc. (CTXS) with a ‘Buy‘ from ‘Hold‘ rating. The firm set its price target for the company at $82. The name was also upgraded at Bank of America/Merrill (BAC), Piper Jaffray, and Needham.

Citrix Systems Inc. shares are currently priced at 53.00x this year’s forecasted earnings, which makes them expensive compared to the industry’s 17.39x earnings multiple. Ticker has a forward P/E of 18.23 and t-12 price-to-sales ratio of 3.58. EPS for the same period is $1.36.

In the past 52 weeks, shares of Fort Lauderdale, Florida-based company have traded between a low of $56.47 and a high of $72.89 and are now at $72.19. Shares are up 8.98% year-over-year and 10.33% year-to-date.

Analysts at Sun Trust Robinson Humphrey upgraded their rating on the shares of Supernus Pharmaceuticals, Inc. (SUPN). In a research note published on Friday, the firm lifted the name with a ‘Buy‘ rating and set a 12-month base case estimate of $30 per share.

On valuation measures, Supernus Pharmaceuticals Inc. shares are currently priced at 28.34x this year’s forecasted earnings compared to the industry’s 2.08x earnings multiple. Ticker has a forward P/E ratio of 23.29. Price/sales is 5.49 while EPS is $0.64. Currently there are 4 analysts that rate SUPN a ‘Buy‘, 1 rates it a ‘Hold‘. No analyst rates it a ‘Sell‘. SUPN has a median Wall Street price target of $15.00 with a high target of $26.00.

Monster Beverage Corporation (MNST) was raised to ‘Buy‘ from ‘Neutral‘ and it was given a $154 from $148 price target at UBS on Friday.

MNST is up $1.61 at $128.78 on normal volume. Midway through trading Friday, 788K shares of Monster Beverage Corp. have exchanged hands as compared to its average daily volume of 1.84 million shares. The stock has ranged in a price between $128.20-$129.90 after having opened the day at $128.69, as compared to the previous trading day’s close of $127.17.

In the past 52 weeks, shares of Corona, California-based company have traded between a low of $63.82 and a high of $144.69. Shares are up 81.62% year-over-year and 17.37% year-to-date.

InterDigital, Inc. (IDCC) was reiterated a ‘Equal Weight’ by Barclays analysts on Friday. The broker also raised its price target on the stock to $60 from $55.

IDCC shares recently gained $3.17 to $59.51. The stock is up more than 19% year-over-year and has gained roughly 7.40% year-to-date. In the past 52 weeks, shares of Wilmington, Delaware-based company have traded between a low of $38.64 and a high of $60.69.

InterDigital, Inc. closed Thursday at $56.34. The name has a current market cap of $2.15 billion.

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