Notable Initiations: SanDisk Corp. (SNDK), GoPro Inc (GPRO), Tesla Motors (TSLA), Pixelworks (PXLW), Google (GOOGL)

Coverage of SanDisk Corp. (SNDK) stock was initiated by FBN Securities with an ‘Outperform’ rating and a price target of $120 on Monday. SanDisk shares were up 1.10% to $99.88 in mid-day trading on a traded volume of 2.54 million shares, in comparison to 3.63 million shares of average trading volume.

In the past 52 weeks, shares of the Milpitas, California-based company have traded between a low of 57.80 and a high of 108.77. Shares are up 70.89% year-over-year and 41.34% year-to-date. FBN’s target price suggests a potential upside of 20.14% from the company’s current price.

SanDisk Corp. has a total market capitalization of $22.38 billion

Analysts at FBN Securities initiated coverage on GoPro Inc (GPRO) with an ‘Outperform’ rating in a research report issued to clients on Monday.

GoPro shares recently rose 6.33% to $62.46. Since its IPO, shares of San Mateo, California-based company have traded between a low of 28.65 and a high of 63.50. Shares are up 99.33% year-to-date.

Tesla Motors (TSLA) was initiated with an ‘Outperform’ rating and a price target of $325.00 by FBN Securities analysts on Monday.

In midday trade, shares of the electric car maker were up 1.59% at $281.66, within a 52-week range of $116.10 to $291.42. Shares are up 68.89% year-over-year and 87.46% year-to-date.

FBN’s price target would suggest a potential upside of 15.38% from the stock’s current price.

Tesla Motors has a market capitalization of $34.29 billion.

Dougherty is out with a report this morning initiating coverage of Pixelworks, Inc. (PXLW) with a “Buy” rating and $11 price target, implying 44.64% expected return. Shares of the designer and developer of video and pixel processing semiconductors closed at $6.69 a share in Friday’s trading session. In midday trade PXLW is up 10.93% at $7.43, within a 52-week range of $3.66 to $9.83. Shares are up 89.72% year-over-year and 53.11% year-to-date.

Pixelworks has a market capitalization of $152 million.

Shares of Google (GOOGL) are up almost 3 points, or 1.5%, at $600.44 in Monday’s midday trading. The search giant’s stock was added this morning to ‘Franchise Picks List’ at Jefferies, which said Google’s YouTube division looks best positioned to benefit from growth in online video advertising, which the firm estimates could be a $17 billion opportunity by fiscal 2017 in the U.S. alone.

Jefferies has a ‘Buy’ rating on Google with a $700 price target, implying 16.58% expected return.

GOOGL is up 36.28% year-over-year and 6.96% year-to-date.

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