Notable Upgrades: Amazon.com (AMZN), SolarCity (SCTY), Workday, Inc. (WDAY), Qlik Technologies (QLIK), Illumina (ILMN)

Analysts at Raymond James are out with a report this morning upgrading shares of Amazon.com Inc. (AMZN) with a ‘Strong Buy’ from ‘Outperform’ rating.

Amazon shares have a forward P/E of 104.41 and t-12 price-to-sales ratio of 2.44. EPS for the same period is ($0.41).

In the past 52 weeks, shares of Seattle, Washington-based e-commerce giant have traded between a low of $284.00 and a high of $580.57 and are now at $518.48.

Shares are up 46.50% year-over-year and 61.36% year-to-date.

Analysts at Morgan Stanley (MS) upgraded their rating on the shares of SolarCity Corporation (SCTY). In a research note published on Thursday, the firm lifted the name with a ‘Overweight’ from ‘Equal-Weight’ rating.

On valuation measures, SolarCity Corp. shares have PEG ratio of 0.16. Price/Sales for the same period is 13.93 while EPS is ($0.29). Currently there are 10 analysts that rate SCTY a ‘Buy’, 5 rate it a ‘Hold’. No analyst rates it a ‘Sell’. SCTY has a median Wall Street price target of $75 with a high target of $105.

Workday, Inc. (WDAY) was raised to ‘Buy’ from ‘Neutral’ at Citigroup (C) on Thursday.

WDAY is up $3.04 at $75.44 on heavy volume. Midway through trading Thursday, 4.51 million shares of Workday Inc. have exchanged hands as compared to its average daily volume of 1.39 million shares. The stock has ranged in a price between $71.49 – $75.73 after having opened the day at $71.94 as compared to the previous trading day’s close of $72.40.

In the past 52 weeks, shares of Pleasanton, California-based company have traded between a low of $65.33 and a high of $97.40.

Shares are down 20.25% year-over-year and 11.29% year-to-date.

In a report published Thursday, Nomura analysts initiated coverage on Qlik Technologies, Inc. (QLIK) with a ‘Buy’ rating and $50 price target.

QLIK shares recently gained $1.71 to $38.99. In the past 52 weeks, shares of Radnor, Pennsylvania-based company have traded between a low of $22.12 and a high of $42.18.

Shares are up 20.69% since the beginning of the year.

Investment analysts at Cantor Fitzgerald initiated coverage on shares of Illumina Inc. (ILMN) with a ‘Buy’ rating.

Illumina Inc., currently valued at $29.11 billion, has a median Wall Street price target of $240 with a high target of $300. Approximately 897K shares have already changed hands, compared to the stock’s average daily volume of 1.61 million.

In the past 52 weeks, shares of San Diego, California-based company have traded between a low of $145.12 and a high of $242.37 with the 50-day MA and 200-day MA located at $214.92 and $203.33 levels, respectively. Additionally, shares of ILMN trade at a P/E ratio of 61.40 and have a Relative Strength Index (RSI) and MACD indicator of 41.92 and -7.96, respectively.

Illumina Inc. currently prints a year-to-date return of around 6 percent.

Be the first to comment

Leave a Reply

Your email address will not be published.


*