Lazard Capital Markets analyst Colin Sebastian today raised his rating on Amazon.com (AMZN) to Buy from Hold, with a $225 price target, arguing that the company has “underappreciated tailwinds.”
One, the company is making “significant” investments in China, turning its site, Joyo.com, into a “branded powerhouse” that’s now Amazon.cn. Two, the [...]
Article courtesy of BARRONS.com: Tech Trader Daily
Shares of wireless backhaul equipment vendor Ceragon Networks (CRNT) are up 55 cents, or 4.4%, at $13.15 after RBC Capital’s Daniel Meron today raised his rating on the stock to Outperform from Sector Perform, and raised his price target to $16 from $11.
Meron thinks revenue for the Israel-based company can [...]
Article courtesy of BARRONS.com: Tech Trader Daily
CLSA Asia-Pacific Markets analyst Steve Fox today raised his earnings per share estimate for Apple (AAPL) based on a survey of roughly a 1,000 consumers that revealed his iPhone and iPad estimates were too low, he writes today.
Fox also raised his Apple price target to $400 from $365.
In a 17-page [...]
Article courtesy of BARRONS.com: Tech Trader Daily
ThinkEquity analyst Rajesh Ghai today raised his target for Apple’s (AAPL) iPhone sales this quarter, the company’s fiscal Q1. He now sees 17 million iPhones being sold, up from 16 million previously, based on what sources tell him is increasing demand in China, Taiwan, and South Korea.
That’s quite a bit [...]
Article courtesy of BARRONS.com: Tech Trader Daily
Kaufman Brothers analyst Mayuresh Masurekar today raised his estimates for Baidu’s (BIDU) Q3, which the company reports tomorrow night after the bell, and raised his price target on the stock way up, to $115, from $86.
Baidu shares are down 76 cents, almost 1%, today at $100.06.
Recent “third party data” indicates [...]
Article courtesy of BARRONS.com: Tech Trader Daily
Computer Sciences (CSC) would make an excellent LBO candidate, Jefferies analyst Joseph Vafi asserts in a research note this morning. Vafi today raised his rating on the federal IT services provider to Buy from Hold, with a new target of $53, up from $47. The stock closed yesterday at $41.73.
“While [...]
Article courtesy of BARRONS.com: Tech Trader Daily
UBS telecom analyst John Hodulik today raised his forecast for September quarter Apple (AAPL) iPhone activations at AT&T (T) to 4.5 million from 2.5 million, which would be up from the 3.2 million activated in the June quarter. In response, Hodulik trimmed his Q3 EPS estimate for AT&T to 55 [...]
Article courtesy of BARRONS.com: Tech Trader Daily
Standard & Poor’s analyst Jim Yin today raised his rating on Take-Two Interactive (TTWO) to Hold from Sell, while keeping his price target at $10. Yin writes that the move is based on valuation.
“Although we are cautious on the video game industry, as software sales continue to decline, we [...]
Article courtesy of BARRONS.com: Tech Trader Daily
Standard & Poor’s analyst Scott Kessler today raised his rating on RealNetworks (RNWK) to Buy from Hold, while keeping a $4 price target.
“We are well aware of RNWK’s challenges, ranging from substantial competition and pricing pressures to struggling operations and notably underperforming shares,” he writes in a research [...]
Article courtesy of BARRONS.com: Tech Trader Daily
Check Point Software (CHKP) shares are trading higher after Pacific Crest analyst Rob Owen today raised his rating on the security software company to Outperform from Sector Perform, setting a $38 price target.
“Our checks reveal continued solid demand for Check Point’s solutions; the company’s appliances
continue to gain traction in the [...]
Article courtesy of BARRONS.com: Tech Trader Daily