Notable Upgrades: GoPro, Inc. (GPRO), Yahoo (YHOO), Microsoft (MSFT), SolarEdge Technologies (SEDG)

In a report published Thursday, analysts initiated coverage on GoPro, Inc. (GPRO) with an ‘Outperform‘ rating and $76 price target at Cowen.

On valuation measures, GoPro Inc. shares currently have a PEG and forward P/E ratio of 1.07 and 27.75, respectively. Price/sales for the same period is 4.46 while EPS is $1.12.

Currently there are 9 analysts that rate GPRO a ‘Buy’, 6 rate it a ‘Hold’. No analyst rates it a ‘Sell’. GPRO has a median Wall Street price target of $72.00 with a high target of $105.00.

In the past 52 weeks, shares of San Mateo, California-based company have traded between a low of $37.13 and a high of $98.47 and are now at $59.78. Shares are up 49.61% year-over-year ; down 9.98% year-to-date.
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Analysts at Bernstein are out with a report this morning upgrading shares of Yahoo! Inc. (YHOO) with an ‘Outperform‘ from ‘Market Perform‘ rating.

Yahoo! Inc. shares are currently priced at 5.03x this year’s forecasted earnings, compared to the industry’s 13.08x earnings multiple. Ticker has a forward P/E of 53.15 and t-12 price-to-sales ratio of 6.67. EPS for the same period is $7.20.

Over the past year, shares of Sunnyvale, California-based company have traded between a low of $33.85 and a high of $52.62.

Shares are down 31.72% since the beginning of the year.
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Microsoft Corporation (MSFT) was upgraded to ‘Buy‘ from ‘Hold‘ by Stifel analysts on Thursday. The broker also set its price target on the stock at $55.

MSFT is currently printing a normal average trading volume with the issue trading 11.17 million shares, compared to the average volume of 31.30 million. The stock began trading this morning at $47.08 to currently trade 0.28% higher from the prior days close of $46.74. On an intraday basis it has gotten as low as $46.49 and as high as $47.10.

Microsoft shares have advanced 2.46% in the last 4 weeks while declining 1.23% in the past three months. Over the past 5 trading sessions the stock has lost 1.77%.

The Redmond, Washington-based software giant, which is currently valued at $374.87 billion, has a median Wall Street price target of $51.00 with a high target of $60.00.

Microsoft Corp. is up 10.24% year-over-year, compared with a 6.69% gain in the S&P 500.
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SolarEdge Technologies, Inc. (SEDG) was reiterated a ‘Buy’ by Needham analysts on Thursday. The broker raised its 12-month base case estimate on the stock to $42 from $38. SolarEdge was also raised to $40 from $35 at ROTH Capital noting the Israeli company continues to demonstrate positive momentum in its business. The firm see current levels as an attractive entry point given the macro pullback.

SEDG is up $0.48 at $30.78 on heavy volume. Midway through trading Thursday, 1.45 million shares of SolarEdge Technologies Inc. have exchanged hands as compared to its average daily volume of 769K shares. The stock has ranged in a price between $29.97 to $33.70 after having opened the day at $32.52 as compared to the previous trading day’s close of $30.30.

In the last 52-weeks, shares of the manufacturer and supplier of DC optimized inverter systems for solar PV installations have traded between a low of $19.49 and a high of $43.00.

Shares are up 46.38% year-to-date.

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