Notable Upgrades: Trevena (TRVN), CyberArk Software (CYBR), Alkermes plc (ALKS), VMware (VMW), Netflix (NFLX)

Trevena, Inc. (TRVN) was reiterated a ‘Outperform’ by Wedbush analysts on Tuesday. The broker also raised its price target on the stock to $20 from $15.

TRVN shares recently gained $3.90 to $9.90. In the past 52 weeks, shares of King of Prussia, Pennsylvania-based clinical stage biopharmaceutical firm have traded between a low of $3.80 and a high of $10.29.

Shares are up 1.52% year-over-year and 0.33% year-to-date.

CyberArk Software, Ltd. (CYBR) was raised to ‘Overweight’ from ‘Neutral’ and it was given a $70 price target at Piper Jaffray on Tuesday.

On valuation measures, CyberArk Software Ltd. stock it’s trading at a forward P/E multiple of 62.81x, and at a multiple of 101.56x this year’s estimated earnings.

The t-12-month revenue at CyberArk is $133.56 million. CYBR’s ROE for the same period is 13.98%.

Over the past year, shares of Israeli-based security solutions company have traded between a low of $22.12 and a high of $76.35.

Shares are up about 29% since the beginning of the year.

Analysts at Morgan Stanley (MS) upgraded their rating on the shares of Alkermes plc (ALKS). In a research note published on Tuesday, the firm lifted the name with a ‘Overweight’ from ‘Underweight’ rating.

Currently, there are 6 analysts that rate ALKS a ‘Buy’, 5 rate it a ‘Hold’. 1 analyst rates it a ‘Sell’.

ALKS has a median Wall Street price target of $76.50 with a high target of $80.00.

VMware, Inc. (VMW) was raised to ‘Outperform’ from ‘Neutral’ and it was given a $95 price target at Robert W. Baird on Tuesday.

VMW is up $0.56 at $79.71 on normal volume. Midway through trading Tuesday, 1.2 million shares of VMware Inc. have exchanged hands as compared to its average daily volume of 2.05 million shares. The stock has ranged in a price between $78.00 to $80.52 after having opened the day at $78.00, as compared to the previous trading day’s close of $79.15.

In the past 52 weeks, shares of Palo Alto, Calif.-based provider of virtualization infrastructure solutions have traded between a low of $73.65 and a high of $99.71.

Shares are down 19.71% year-over-year and 4.08% year-to-date.

Netflix, Inc. (NFLX) was reiterated as ‘Buy’ with a $133 from $121 price target on Tuesday by BofA/Merrill (BAC). Shares are down amid broad market weakness as well as reports of Apple (AAPL) discussions on its own original programming.

NFLX is currently printing a higher than average trading volume with the issue trading 18.7 million shares, compared to the average volume of 19.02 million. The stock began trading this morning at $109.36 to currently trade 8.28% lower from the prior days close of $115.03. On an intraday basis it has gotten as low as $105.25 and as high as $111.24.

On valuation measures, Netflix Inc. shares are priced at 236.50x this year’s forecasted earnings, compared to the industry’s 10.37x earnings multiple. The company’s current year and next year EPS growth estimates stand at (58.5%) and 36.40% compared to the industry growth rates of 24.20% and 21.40%, respectively. NFLX has a t-12 price-to-sales ratio of 8.02. EPS for the same period registers at $0.45.

NFLX shares have advanced 0.63% in the last 4 weeks and 29.06% in the past three months. Over the past 5 trading sessions the stock has gained 18.73%. The Los Gatos Calif.-based video streaming provider, which is currently valued at $44.93 billion, has a median Wall Street price target of $121.00 with a high target of $175.00.

Netflix Inc. is up 68.58% year-over-year, compared with a 1.50% loss in the S&P 500.

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