Coverage Initiated: Alibaba (BABA), Micron (MU), Visa (V), PayPal (PYPL), MasterCard (MA)

In a report published Friday, Needham analysts initiated coverage on Alibaba Group Holding Limited (BABA) with a ‘Buy’ rating and $95 price target. The firm views the Chinese e-commerce giant as the best in class e-commerce marketplace.

On valuation measures, Alibaba Group ADR shares currently have a PEG and forward P/E ratio of 1.12 and 3.71, respectively. Price/sales for the same period is 13.35 while EPS is $4.14. Currently there are 30 analysts that rate BABA a ‘Buy’, 5 rate it a ‘Hold’. No analyst rates it a ‘Sell’. BABA has a median Wall Street price target of $90.30 with a high target of $117.00.

In the past 52 weeks, shares of the company have traded between a low of $57.20 and a high of $95.06 and are now at $78.80.

Shares are down 5.98% year-over-year and 2.04% year-to-date.

Investment analysts at Brean Capital initiated coverage on shares of Micron Technology, Inc. (MU) in a note issued to investors on Friday. The firm set a ‘Buy’ rating on the name.

Micron, currently valued at $10.99 billion, has a median Street price target of $13.75 with a high target of $20.00.  The name prints a year-to-date loss of around 27%.

Shares of Visa Inc. (V) are up 0.20, or 0.25%, at $80.53, after Compass Point analysts today initiated coverage of the name, giving it an ‘Neutral’ rating and price target of $80.

On valuation measures, Visa shares are currently priced at 28.97x this year’s forecasted earnings, which makes them expensive compared to the industry’s $14.54x earnings multiple. Ticker has a forward P/E of 24.88 and t-12 price-to-sales ratio of 13.71. EPS for the same period is $2.78.

In the past 52 weeks, shares of San Francisco, Calif.-based payments firm have traded between a low of $60 and a high of $81.01.

Shares are up 23.18% year-over-year and 3.79% since the beginning of the year.

Compass Point is out with a report this morning initiating coverage of PayPal Holdings, Inc. (PYPL) with an ‘Neutral’ rating and $40 price target, implying 3% expected return.

In the past 52 weeks, shares of PayPal have traded between a low of $30.00 and a high of $42.55 and are now trading at $38.83.

Compass Point initiated shares of MasterCard Incorporated (MA) with a ‘Neutral’ rating and set a $95 price target on the name. Right now, the stock is sitting at $97.08, a 0.95% gain, and is 0.82% lower year-to-date, compared with an 0.08% gain in the S&P 500.

MA closed Thursday at $96.17. The company has a total market cap of 107.83B.

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