Notable Upgrades: Adobe Systems (ADBE), Facebook (FB), Akebia Therapeutics (AKBA), Netflix (NFLX), FedEx (FDX)

Adobe Systems Incorporated (ADBE) was reiterated a ‘Buy’ by Argus analysts on Monday. The broker also raised its price target on the stock to $95 from $85.

ADBE shares recently gained $1.86 to $81.56. In the past 52 weeks, shares of San Jose, California-based company have traded between a low of $58.51 and a high of $81.82. Shares are up 9.25% year-over-year and 9.63% year-to-date.

Facebook, Inc. (FB) was reiterated as ‘Overweight’ with a $120 from $92 price target on Monday by Piper Jaffray.

Facebook Inc. shares are currently priced at 81.61x this year’s forecasted earnings, compared to the industry’s 23.96x earnings multiple. Ticker has a forward P/E of 31.85 and t-12 price-to-sales ratio of 17.15. EPS for the same period is $1.03.

In the past 52 weeks, shares of Menlo Park, California-based social networking company have traded between a low of $62.21 and a high of $86.07 and are now at $84.30. Shares are up 28.24% year-over-year and 5.75% year-to-date.

In a report published Monday, JMP Securities analysts initiated coverage on Akebia Therapeutics, Inc. (AKBA) with a ‘Market Outperform‘ rating and $24 price target.

Shares of the $271.93 million market cap company are down 70.71% year-over-year and 31.36% year-to-date. Akebia Therapeutics Inc., currently with a median Wall Street price target of $21.00 and a high target of $27.00, rose $1.44 to $9.43 in recent trading.

Netflix, Inc. (NFLX) rating of ‘Buy’ was reiterated today at BTIG Research with a price target increase of $950 from $600.

NFLX is currently printing a normal trading volume with the issue trading 1.44 million shares, compared to the average volume of 2.19 million. The stock began trading this morning at $665.55 to currently trade 2.30% higher from the prior days close of $657.10. On an intraday basis it has gotten as low as $659.32 and as high as $673.73.

Netflix Inc. shares are priced at 175.20x this year’s forecasted earnings, compared to the industry’s 17.08x earnings multiple. The company’s current year and next year EPS growth estimates stand at (61.5%) and 140.80% compared to the industry growth rates of 16.70% and 21.40%, respectively. NFLX has a t-12 price-to-sales ratio of 6.86. EPS for the same period registers at $3.84.

NFLX shares have advanced 5.72% in the last 4 weeks and 53.42% in the past three months. Over the past 5 trading sessions the stock has lost 0.58%.

The Los Gatos, California-based video streaming  firm, which is currently valued at $40.75 billion, has a median Wall Street price target of $600.00 with a high target of $900.00. Netflix Inc. is up 48.87% year-over-year, compared with a 7.51% gain in the S&P 500.

FedEx Corporation (FDX) was reiterated as ‘Buy’ and the price target was increased to $205 from $195 at Argus.

FDX shares recently gained $1.34 to $177.28. Argus’ target price suggests a potential upside of about 16% from the company’s current stock price.

In the past 52 weeks, shares of Memphis, Tennessee-based company have traded between a low of $145.08 and a high of $185.19. Shares are up 19.79% year-over-year and 1.57% year-to-date.

Be the first to comment

Leave a Reply

Your email address will not be published.


*