Analysts at B. Riley & Co. are out with a report this morning upgrading shares of Amazon.com Inc. (AMZN) with a ‘Buy‘ from ‘Neutral‘ rating. The firm set its price target on the name at $646. Amazon was also raised to $525 from $400 at Canaccord Genuity, to $700 from $500 at Nomura, and to $630 from $475 at Robert W. Baird.
On valuation measures, Amazon.com Inc. shares have a forward P/E of 193.21 and t-12 price-to-sales ratio of 2.44. EPS for the same period is ($0.88).
In the past 52 weeks, shares of Seattle, Washington-based company have traded between a low of $284.00 and a high of $580.57 and are now at $550.00. Shares are up 34.63% year-over-year and 55.37% year-to-date.
Analysts at Robert W. Baird upgraded their rating on the shares of SolarCity Corporation (SCTY). In a research note published on Friday, the firm lifted the name with a ‘Outperform‘ from ‘Neutral‘ rating and set a 12-month base case estimate of $71 from $61 per share.
On valuation measures, SolarCity Corp. has a t-12 price/sales of 20.07 with an EPS of ($0.56). Currently there are 10 analysts that rate SCTY a ‘Buy‘, 4 rate it a ‘Hold‘. No analyst rates it a ‘Sell‘. SCTY has a median Wall Street price target of $75.00 with a high target of $99.00.
Juniper Networks, Inc. (JNPR) was raised to ‘Neutral‘ from ‘Sell‘ and it was given a $28 from $22 price target at MKM Partners on Friday.
JNPR is up $1.17 at $27.66 on heavy volume. Midway through trading Friday, 15.72 million shares of Juniper Networks Inc. have exchanged hands as compared to its average daily volume of 4.80 million shares. The stock has ranged in a price between $27.63 to $29.13 after having opened the day at $28.63 as compared to the previous trading day’s close of $26.49.
Over the past year, shares of Sunnyvale, California-based company have traded between a low of $18.41 and a high of $29.13. Shares are up 20.08% year-over-year and 19.61% year-to-date.
Qlik Technologies, Inc. (QLIK) was reiterated a ‘Outperform’ by RBC Capital Markets analysts on Friday. The broker also raised its price target on the stock to $48 from $44 pointing to the growing platform momentum and conservative guidance.
Visa Inc. (V) was reiterated as ‘Outperform’ with a $82 from $79 price target on Friday by RBC Capital Markets. Visa was also raised to $80 from $70 at FBR Capital following Q3/15 results.
Visa is currently printing a higher than average trading volume with the issue trading 12.75 million shares, compared to the average volume of 6.52 million. The stock began trading this morning at $76.79 to currently trade 4.07% higher from the prior days close of $71.75. On an intraday basis it has gotten as low as $74.60 and as high as $76.92.
Visa Inc. Cl A shares are priced at 33.01x this year’s forecasted earnings, compared to the industry’s 18.02x earnings multiple. The company’s current year and next year EPS growth estimates stand at 13.70% and 15.10% compared to the industry growth rates of 12.30% and 16.90%, respectively. V has a t-12 price-to-sales ratio of 13.31. EPS for the same period registers at $2.26.
Visa shares have advanced 3.36% in the last 4 weeks and 6.14% in the past three months. Over the past 5 trading sessions the stock has gained 1.67%.
The Foster City, California-based company, which is currently valued at $182.69 billion, has a median Wall Street price target of $77.75 with a high target of $81.00. Visa Inc. is up 30.71% year-over-year, compared with a 5.74% gain in the S&P 500.
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