Notable Upgrades: PayPal Holdings (PYPL), Arrowhead Research (ARWR), CyberArk (CYBR), Nike (NKE), Bed Bath & Beyond (BBBY), Intel (INTC)

In a report published Friday, Canaccord Genuity analysts initiated coverage on PayPal Holdings, Inc. (PYPL) with a ‘Buy’ rating and $43 price target. The firm believes PayPal has a steady growth trajectory given the continuing shift to digital payment.

On valuation measures, PayPal Holdings Inc. shares currently have a PEG and forward P/E ratio of 1.58 and 22.70, respectively. Price/sales for the same period is 4.80 while EPS is $0.89. Currently there are 19 analysts that rate PYPL a ‘Buy’, 9 rate it a ‘Hold’. 2 analysts rate it a ‘Sell’. PYPL has a median Wall Street price target of $45.00 with a high target of $50.00.

Since its IPO, shares of San Jose, California-based digital payment services company have traded between a low of $30.00 and a high of $42.55 and are now at $33.93.

Arrowhead Research Corp. (ARWR) was reiterated a ‘Overweight’ by Piper Jaffray analysts on Friday. The broker also raised its price target on the stock to $20 from $12.

ARWR shares recently gained $0.10 to $7.29. In the past 52 weeks, shares of the developer of novel drugs to treat intractable diseases in the U.S. have traded between a low of $4.35 and a high of $15.50.

Shares are down 54.17% year-over-year and 2.57% year-to-date.

Analysts at Nomura are out with a report this morning upgrading shares of CyberArk Software, Ltd. (CYBR) with a ‘Buy’ from ‘Neutral’ rating.

On valuation measures, CyberArk Software shares are currently priced at 102.71x this year’s forecasted earnings, which makes them expensive compared to the industry’s 7.57x earnings multiple. Ticker has a forward P/E of 61.96 and t-12 price-to-sales ratio of 11.67. EPS for the same period is $0.50.

In the past 52 weeks, shares of Petach Tikva, Israel-based cyber-security firm have traded between a low of $26.66 and a high of $76.35 and are now at $50.84.

Shares are up 32.91% since the beginning of the year.

Analysts at Sterne Agee CRT upgraded their rating on the shares of Nike, Inc. (NKE). In a research note published on Friday, the firm lifted the name with a ‘Buy’ from ‘Neutral’ rating.

On valuation measures, Nike Inc. shares are currently priced at 33.80x this year’s forecasted earnings,  compared to the industry’s 22.65x earnings multiple. Ticker has a PEG and forward P/E ratio of 2.13 and 26.29, respectively. Price/Sales for the same period is 3.21 while EPS is $3.70. Currently there are 21 analysts that rate NKE a ‘Buy’ versus 7 rating it a ‘Hold’, and 1 rating it a ‘Sell’. NKE has a median Wall Street price target of $125 with a high target of $141.

Bed Bath & Beyond Inc. (BBBY) was raised to ‘Market Perform’ from ‘Underperform’ and it was given a $65 price target at Telsey Advisory Group on Friday.

BBBY is up $0.79 at $60.12 on heavy volume. Midway through trading Friday, 4.19 million shares of Bed Bath & Beyond Inc. have exchanged hands as compared to its average daily volume of 2.40 million shares. The stock has ranged in a price between $59.00 – $61.90 after having opened the day at $59.31 as compared to the previous trading day’s close of $59.33.

In the past 52 weeks, shares of Union, New Jersey-based retailer have traded between a low of $58.81 and a high of $79.64.

Shares are down 11.88% year-over-year and 22.11% year-to-date.

Intel Corporation (INTC) was upgraded to ‘Market Perform’ from ‘Market Underperform’ by JMP Securities analysts on prospects for an improved outlook as the year draws to a close.

Intel shares have advanced 10.09% in the last 4 weeks, while declining 10.23% in the past three months. Over the past 5 trading sessions the stock has lost 4.14%. The Santa Clara, California-based chıpmaker, which is currently valued at $137.87 billion, has a median Wall Street price target of $33.10 with a high target of $40.00.

Intel Corp. is down 15.62% year-over-year, compared with a 1.72% loss in the S&P 500.

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