Shares of online local commerce business Groupon (GRPN) jumped as high 3.09% to $3.37 intraday as Maxim Group initiates coverage of the stock with a ‘Buy’ rating and a $5 price target. The firm believes that with more than 127 million cumulative downloads to date, Groupon’s mobile efforts are underappreciated.
Maxim Group’s target represents a 54% increase from Wednesday’s closing price of $3.25.
Investment analysts at Maxim Group initiated coverage on shares of eBay Inc. (EBAY) in a note issued to investors on Thursday. The firm set a ‘Buy’ rating and a $36 price target on the stock.
eBay Inc. is currently valued at $28.55 billion. The company has a median Street price target of $27.00 with a high target of $33.00.
In the past 52 weeks, shares of San Jose, California-based company have traded between a low of $21.52 and a high of $29.83 with the 50-day MA and 200-day MA located at $23.98 and $24.76 levels, respectively. Additionally, shares of EBAY trade at a P/E ratio of 18.98 and have a Relative Strength Index (RSI) and MACD indicator of 60.00 and +0.43, respectively.
eBay Inc. currently prints a year-to-date loss of 11.43%.
Yelp Inc. (YELP) was reiterated a ‘Buy’ this morning by Needham. The broker also raised its price target on the stock to $34 from $28.
Yelp Inc. recently traded at $29.65, a gain of $1.35 over Wednesday’s closing price. The name has a current market capitalization of $2.27 billion.
Applied Materials, Inc. (AMAT) was reiterated as ‘Buy’ with a $28 from $25 price target on Thursday by Nomura.
AMAT gained $0.47 to $24.43 in mid-day trading today. In the past 52 weeks, shares of Santa Clara, California-based company have traded between a low of $14.25 and a high of $24.65 with its 50-day MA and 200-day MA located at $22.50 and $19.85 levels, respectively.
AMAT currently prints a one year return of about 23% and a year-to-date return of around 30%.